Question
Class 14 Assets on The T2 module
In the schedule “8” when I added a newly acquired Intangible assets under class 14 with correct acquisition and expiry dates (life 10 years), it designated immediate expensing property (DIEP) with zero UCC - end of year instead of calculating CCA (amortization) for the year and balance amount for UCC-end of year on straight line basis. Is it a bug in the system? Could anybody please guide me as how can we arrive at the correct amount of CCA amortization in the first year of acquisition of class 14 assets while preparing schedule 8 of T2. Thanks
