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EXHIBIT 1Home Capital Asset Recovery Page 1 of 2CAPITAL ASSET RECOVERYHOME Why We Exist: Capital Asset Recovery was created to meet the increasing need of those who primarily lost their property to

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Individuals or businesses who have incurred capital expenses and need to recover or recoup those costs in some way.

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What is question 60 capital recovery?

Question 60 capital recovery refers to a financial inquiry or section within a tax form that pertains to the recovery of capital assets and associated expenses.

Who is required to file question 60 capital recovery?

Entities or individuals who have capital assets subject to depreciation, or who have incurred capital expenditures during the tax year, are required to file question 60 capital recovery.

How to fill out question 60 capital recovery?

To fill out question 60 capital recovery, report the relevant capital assets, their acquisition costs, any recovery amounts, and any depreciation that has been claimed. Follow the specific instructions provided with the tax form.

What is the purpose of question 60 capital recovery?

The purpose of question 60 capital recovery is to determine the correct amount of capital recovery deductions applicable for tax calculations, facilitating accurate tax reporting and compliance.

What information must be reported on question 60 capital recovery?

Information that must be reported includes descriptions of the capital assets, their cost basis, dates of acquisition, depreciation methods used, and total recovery amounts identified.

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