A client disposed of a class 10 vehicle and purchased a class 10.1 vehicle during 2019. Are these considered the same class?
ie. Am I able to claim a terminal loss for the class 10 vehicle? Or do I add it to the UCC of the new class 10.1 vehicle?
If adding to the UCC of the new vehicle, this needs to be done manually with overrides, correct?
Any guidance is appreciated.