Peter, did you manage to find a resource to better understand these items?
- Oct 28, 2007
- 7 posts
- Jr. Member
- Apr 7, 2014
- 107 posts
- 11 upvotes
- Toronto, ON
I think 8670 should be the sum of 1775, 1761.. , and any other amortization that you incurred for the current year of tangible assets.
In my case I had a simple 1775 value and nothing else, and my accountat put that value in 8670.
Basically 8670 is needed in order to "expense" the amortization, and 1761, 1775 I believe are just for reporting purpose. The value in 8670 should be in your accounting as "amortization expense".