Jump to content

Disposing capital expense on the rental property


Recommended Posts


My rental property was sold last year 

I need to input the data so  one of the appliances ( fridge ) which is a capital expense will be recaptured as an expense 

when the house was sold I still had value on my capital expense , the amortization didn’t finish for this capital expense 

here is the data :


-opening balance -$115.22
-ACB of the disposition - $130.23
- proceeds of disposition of an asset - zero ( is this correct ?)
If I put zero , this capital expense will be recaptured as terminal loss 
- ACB of the disposition-$130.23 
is this correct ? 
it works with any numbers , but my questions is : is this correct that I input zero in order to capture as a terminal loss , which is recaptured as a regular expense ? 
Thank you 



Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...