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October 26, 2019 at 9:54 am
I think in example 2 the car bought for 10600 should be considered as non pool asset as it will be used for 80% business only
November 2, 2019 at 1:28 am
It will not be considered as a non pool asset because the car is not used by the owner, rather it is used by an employee. Although the business use will be accounted for in the capital allowance calculation and the private use will be accounted for in the income tax for the individual. Correct me if i am wrong.
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