1. not quite. depreciation is factored on the original amount, not recalculated on remaining balance. Whether 3750 is correct or not (non 50% bonus vehicle depreciation first year limit is 3160)
2. Depreciation is recorded in Accumulated Deprecation.
Resolution for 'Cost Allowance issue: 'Compnay Vehicle Desperation Capital Cost Allowance in QuickBooks' available: Yes.
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