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I have acquired a client who is in the farming business. How do I enter beginning balances on the fixed asset continuity schedule?

kirby3

Level 1

Forum|Forum|4 years ago

April 16, 2022

Question

I have acquired a client who is in the farming business. How do I enter beginning balances on the fixed asset continuity schedule?

Forum|Forum|4 years ago
April 16, 2022
1 reply
3 views

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ProFile (Canada)

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1 reply

janisbossenberry

Level 7

Forum|Forum|4 years ago

April 18, 2022

Use form T2042 CCA. There is a line "Undepreciated capital cost (UCC) - start of year" that you complete.

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