Comments on: “Capital Assets Amortization Schedule” For The Taking http://1800hart.com/blog/2005/08/capital-assets-amortization-schedule-for-the-taking/ HART's mind works in mysterious ways .. someone should take advantage of that Mon, 09 Jan 2012 08:10:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ken http://1800hart.com/blog/2005/08/capital-assets-amortization-schedule-for-the-taking/comment-page-1/#comment-51547 Ken Thu, 18 Aug 2011 12:52:33 +0000 http://1800HART.com/blog/?p=114#comment-51547 "No refunds!" LOL! Yes, I don't think I would ever come across that situation in real life, but I was just playing around and thought I'd mention it. Habit from my past life as a software tester! Great spreadsheet--very helpful! Thanks, Ken “No refunds!”

LOL!

Yes, I don’t think I would ever come across that situation in real life, but I was just playing around and thought I’d mention it. Habit from my past life as a software tester!

Great spreadsheet–very helpful!
Thanks,
Ken

]]> By: HART (1-800-HART) http://1800hart.com/blog/2005/08/capital-assets-amortization-schedule-for-the-taking/comment-page-1/#comment-51539 HART (1-800-HART) Thu, 18 Aug 2011 04:11:34 +0000 http://1800HART.com/blog/?p=114#comment-51539 PS ... No refunds! lol PS …

No refunds! lol

]]> By: HART (1-800-HART) http://1800hart.com/blog/2005/08/capital-assets-amortization-schedule-for-the-taking/comment-page-1/#comment-51538 HART (1-800-HART) Thu, 18 Aug 2011 04:11:10 +0000 http://1800HART.com/blog/?p=114#comment-51538 =ROUND(IF(F12-E12=0,J12*C12,(J12*C12-((E12-F12)*C12*0.5))),2) Hmm .. I think you are right. I probably never had that situation, or manually fixed it on the individual spreadsheets I do each year for each client. Above is the formula for tax rate rules and, it is supposed to mimic the tax return. Suppose in Year 1 you buy $10,000 ... at 20% ... the ending UCC would be $9,000. In Year 2 on the excel spreadsheet, the opening balance in assets of $10,000 and opening accumulated depreciation $1,000 to match. If year 2 adds $1000 and disposes $2000 (ignoring accum.depr.) .. the formula with the =0 shows $1,700 depreciation. If you use >0 it shows $1,600. Same figures on T2 ... CCA would be $1,600 If you switch it up ($2000 additions $1000 disposals) there is no difference in the results being $1,900.00 >> Did you also test my other formulas? :D =ROUND(IF(F12-E12=0,J12*C12,(J12*C12-((E12-F12)*C12*0.5))),2)

Hmm .. I think you are right. I probably never had that situation, or manually fixed it on the individual spreadsheets I do each year for each client.

Above is the formula for tax rate rules and, it is supposed to mimic the tax return.

Suppose in Year 1 you buy $10,000 … at 20% … the ending UCC would be $9,000. In Year 2 on the excel spreadsheet, the opening balance in assets of $10,000 and opening accumulated depreciation $1,000 to match.

If year 2 adds $1000 and disposes $2000 (ignoring accum.depr.) .. the formula with the =0 shows $1,700 depreciation. If you use >0 it shows $1,600.

Same figures on T2 … CCA would be $1,600

If you switch it up ($2000 additions $1000 disposals) there is no difference in the results being $1,900.00

>>
Did you also test my other formulas? :D

]]> By: Ken http://1800hart.com/blog/2005/08/capital-assets-amortization-schedule-for-the-taking/comment-page-1/#comment-51537 Ken Thu, 18 Aug 2011 00:10:17 +0000 http://1800HART.com/blog/?p=114#comment-51537 Hiya and thanks for the spreadsheet--I was looking for exactly this! I have a question: should the logical check in column K (i.e. Tax Rate Provisions) be ">=0" instead of just "=0"? So: "=ROUND(IF(F12-E12>=0,J12*C12..." I think with the logical check as "=0" the "value if false" part of the IF statement will only get executed if your Additions and Disposals are equal, whereas we want it to execute if your Additions exceed your Disposals. I think! I'm just learning this CCA stuff, so I could very well be wrong! Thanks again for sharing this spreadsheet! Ken Hiya and thanks for the spreadsheet–I was looking for exactly this!

I have a question: should the logical check in column K (i.e. Tax Rate Provisions) be “>=0″ instead of just “=0″? So: “=ROUND(IF(F12-E12>=0,J12*C12…” I think with the logical check as “=0″ the “value if false” part of the IF statement will only get executed if your Additions and Disposals are equal, whereas we want it to execute if your Additions exceed your Disposals.

I think! I’m just learning this CCA stuff, so I could very well be wrong!

Thanks again for sharing this spreadsheet!

Ken

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