My client was running a hair salon and recently purchased a second hair salon at a different location. The same corporation purchased the assets of the second location. On S8, should I separate classes for each asset?
Unless you are talking about buildings (which must be in separate classes if over $50,000), then the assets get pooled in most cases. For example, Class 8 assets get pooled. Leasehold improvements would be separate classes due to different lease expiry dates.
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