programmerboy

Thanks @Geo123. I have followed your process and I was able to do it. However, I am guessing do I need to repeat it manually each year, or will UFile automatically calculate Opening undepreciated capital cost or cumulative eligible capital, put in income statement 8670 Amortization of tangible assets, put in net income Depreciation and amortization recorded in the books, and in the Balance Sheet for 1743 Accumulated amortization of motor vehicles

Hi, This is my 1st time using UFile for entering CCA. I need to know how can I enter the information. And since I spent $29K upfront to purchase the vehicle, how will I adjust in the Balance Sheet section. So technically, $8700 should be claimed as CCA, and $20,300 UCC should go into Balance Sheet. Does UFile automatically calculates and updates the right fields? If not, then where and which fields I am looking to update?