Cost amount

The value of a property, at a given time, that corresponds:

• in the case of depreciable property of a prescribed class, to the result obtained by multiplying the undepreciated capital cost of the property in the class, at that time, by a fraction whose numerator is the capital cost of the property concerned and whose denominator is the capital cost of all the property in the class at that time;
• in the case of capital property that is not depreciable property, to the adjusted cost base of the property at that time;
• in the case of property included in the inventory of a taxpayer, to the value of the property at that time.

Section 1