by Darjen
(Ontario, Canada)
How do you make the 25% non-deductible portion of an intangible asset purchase disappear without expensing it so it is shown on the balance sheet and tracked?
I.E. The corporation buys a URL for $2,000.00 (now intangible tucows v renner Ontario). However only 75% is put in the CEPD pool on schedule 10 of the T2. Where do you put the other 25%?
It can't be expensed. If recorded as any form of liability then it is eventually still expensed ... or callable debt instead of ...? How do you show shareholders you spent $2000 but only $1500 counts towards assets?
Comments for Canadian Eligible Capital Deduction Pool Accounting
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