Depreciation Tools

How to dispose an asset
Asset disposal can be accomplished through A. Via Lodgeit "Tools" B. Directly to Tax Form A. Via Lodgeit "Tools" Press "To...
Tue, 29 Sep, 2026 at 12:15 PM
How to move an Asset from “Motor Vehicle” to “General Pool”
This feature allows to write off the remaining balance on the current year. The user has an option: a. Sell/dispose the existing asset. b. Transfer the a...
Thu, 26 Nov, 2020 at 11:27 AM
How to move an Asset from “Motor Vehicle” to “Low Value Pool”
Low Value Pool (LVP) is a method of depreciating plant items at a higher rate in order to maximise deductions. A low-cost asset is a depreciating asset who...
Wed, 3 Nov, 2021 at 12:28 PM
How to move an Asset from “Plant and Equipment” to “General Pool”
If you decide to move to reporting as a Small Business Entity for tax purposes and have assets in regular Prime Cost or Diminishing Value depreciation metho...
Mon, 16 Sep, 2024 at 12:35 PM
CTR Depreciation: Gain Loss for Company Tax Return
This video demonstrates methods for -  Setting a start date. Learn more Configuring a depreciation group (in this example for motor vehicle depreciatio...
Tue, 29 Sep, 2026 at 12:15 PM
CTR Depreciation: Using Immediate Write Off in Company Tax Return
This user guide and accompanying video demonstrate how to process an immediate asset write-off within a Company Tax Return (CTR). It covers: Adding the I...
Fri, 29 May, 2026 at 10:39 AM
CTR Depreciation: Using SBE General Pool in Company Tax Return
This user guide and video demonstrate how to initialize, manage, and write off an Small Business Entity (SBE) General Pool within a Company Tax Return (CTR)...
Tue, 29 Sep, 2026 at 12:16 PM
CTR Depreciation: Small Business Entities (SBE) Tax Rates, Reconciliation and Simpler Depreciation for Company Tax Return
This video demonstrates methods for -  Setting a start date. Learn more  Adding the General Pool Group Adding the General Pool with an opening balance ...
Tue, 29 Sep, 2026 at 12:16 PM
CTR Depreciation: 5 Year Preliminary Expense Amortization (Section 40-880) in Company Tax Return
This video demonstrates methods for -  Configuring a depreciation group for preliminary cost usage Adding preliminary costs How the accounting and ta...
Mon, 19 Jan, 2026 at 2:46 PM
ITR Depreciation: Rental Property Low Value Pool (Deduction>D6)
Low Value Pool (LVP) is a method of depreciating plant items at a higher rate in order to maximise deductions. A low-cost asset is a depreciating asset who...
Tue, 29 Sep, 2026 at 12:16 PM