Hello, I need some help understanding the CCA Area A.
I started my business and purchased a vehicle, equipment and tools of CCA classes 10.1, 8, and 12.
Here is a image of some of the assets I have claimed:
For example, the Class 8 Asset "Pure Water System" was filled out as below:
As I understand, the opening balance of the UCC should be $0, and as there was no property in the class prior, the ACB field should be $0 as well. I don't believe the half-year rule applies. So I should be able to expense 20% * $3097.50 = $619.50
However, in Area A of the CCA claim, I can expense $41 from column 9, and $237 from column 18, for a total of $278 which is only about 10%.
Furthermore, if you look at the class 12 asset in the row above worth $36, only $11 was expensed for the year.
Why is column 18 not calculating as simply column 16 * column 17?
Thanks!