Book Keeping Task/Depreciation
From PCSAR
(Difference between revisions)
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PCSAR follows Canada Revenue Agency’s [http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/dprcbl-eng.html Classes of Depreciable Property guidelines] when depreciating assets. | PCSAR follows Canada Revenue Agency’s [http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/dprcbl-eng.html Classes of Depreciable Property guidelines] when depreciating assets. | ||
| + | Assets are depreciated at the specified percentage each year. | ||
| + | 50% of the stated rate is used for assets that are purchased within the financial year. | ||
As of 2015-08-31 fiscal year end, PCSAR’s the majority of assets are classified as Class 8 (20%) with the exception of the following: | As of 2015-08-31 fiscal year end, PCSAR’s the majority of assets are classified as Class 8 (20%) with the exception of the following: | ||
| - | * Computer: Class 46 30% | + | * Computer: Class 46 (30%) |
* Radios: Class 46 (30%) | * Radios: Class 46 (30%) | ||
* Sierra Command Post: Class 10.1 (30%) | * Sierra Command Post: Class 10.1 (30%) | ||
* Pickup Truck: Class 10 (30%) | * Pickup Truck: Class 10 (30%) | ||
Revision as of 20:15, 27 January 2016
Amortization Expense
PCSAR follows Canada Revenue Agency’s Classes of Depreciable Property guidelines when depreciating assets. Assets are depreciated at the specified percentage each year. 50% of the stated rate is used for assets that are purchased within the financial year.
As of 2015-08-31 fiscal year end, PCSAR’s the majority of assets are classified as Class 8 (20%) with the exception of the following:
- Computer: Class 46 (30%)
- Radios: Class 46 (30%)
- Sierra Command Post: Class 10.1 (30%)
- Pickup Truck: Class 10 (30%)
