Corporate CCA and Amortization

[Jmoney]

I have a Corporate Tax T2 questions. I purchased a car on my corporations name in 2023 for $80k + HST = $90,400. I can justify 100% use for corporate and can classify under CLASS 10 for CCA.

Am I doing this right?

1. In Schedule 100: GIFI 1742 MOTOR VEHICLES input $90,400
2. In Schedule 100: GIFI 1743: Accumulated amortization of motor vehicles input -$15,000 (Since the value of the car has dropped $15k)
3. In Schedule 125: GIFI 8670: Amortization of tangible assets input $15,000
4. Using AIIP Accelerated Investment Incentive Property ("AIIP") for CCA: Taking the entire $90,400 my CCA for 2023 will be $40,680

Question is whether my line 1743 needs to match my CCA or not.