1 8 Jon's Auto Parts Ltd., which manufactures small equipment, was incorporated in 1994 and had the following balances in its records conceming its capital assets as at January 1, 2019. Depreciation CCA Type of asset Straight-line Book value Class UCC Land.. Nil $ 102,000 Nil Building 40 years 900.000 1 $ 568,000 Equipment 5 years 163,000 39.000 Rolling stock Inicks etc. (for transportation of goods). 3 years 306,000 10 170,000 Leasehold improvements (see note (1) below) life of lease 113,000 13 165,000 Licences. 5 years 70,000 14 87,393 Additional Information (1) The Class 13 assets consist of: : Improvements to a leased warehouse costing $100,000 in 2018. The remaining length of the lease in 2018 was six years with two successive options of four years Improvements to a leased office space for head office downtown, costing $81,600 in 2017. The remaining length of the lease was five years with an option to renew for an additional one year. (2) The licences were purchased to start on April 22, 2017, at a cost of $110,500 and had a life of five years. (3) During 2019, the company had the following capital transactions: Additions: Purchased, in June, a new concrete manufacturing building costing $1,625,000, including S325,000 for land. Additional expenditures re the building: Paved parking lot for employees $ 97,000 Erected a steel fence around an outside storage area. 65,000 Further renovations to leased office space, costing 51.000 Purchased equipment: Office equipment. $ 47,000 Mamufacturing equipment (August). 255,000 Radio communication equipment.. 60,000 Purchased a distributing licence on March 1, 2019, for 5 years from a foreign manufacturing company of a related product line, cost: $240,000. - Paid $34,500 in legal fees in reorganizing the capital structure. Disposals: Cost Book Proceeds value Equipment - office. $ 16.250 $ 4.225 $ 1,950 Brick building in C1. 1 (excluding land) 1,400,000 900,000 568,000 REQUIRED Prepare a schedule for tax purposes to reflect the above transactions and calculate the maximum write-off for tax purposes. (Ignore the effects of the replacement property rules in subsection 13(4) and the effects of leap years.) 1 8 Jon's Auto Parts Ltd., which manufactures small equipment, was incorporated in 1994 and had the following balances in its records conceming its capital assets as at January 1, 2019. Depreciation CCA Type of asset Straight-line Book value Class UCC Land.. Nil $ 102,000 Nil Building 40 years 900.000 1 $ 568,000 Equipment 5 years 163,000 39.000 Rolling stock Inicks etc. (for transportation of goods). 3 years 306,000 10 170,000 Leasehold improvements (see note (1) below) life of lease 113,000 13 165,000 Licences. 5 years 70,000 14 87,393 Additional Information (1) The Class 13 assets consist of: : Improvements to a leased warehouse costing $100,000 in 2018. The remaining length of the lease in 2018 was six years with two successive options of four years Improvements to a leased office space for head office downtown, costing $81,600 in 2017. The remaining length of the lease was five years with an option to renew for an additional one year. (2) The licences were purchased to start on April 22, 2017, at a cost of $110,500 and had a life of five years. (3) During 2019, the company had the following capital transactions: Additions: Purchased, in June, a new concrete manufacturing building costing $1,625,000, including S325,000 for land. Additional expenditures re the building: Paved parking lot for employees $ 97,000 Erected a steel fence around an outside storage area. 65,000 Further renovations to leased office space, costing 51.000 Purchased equipment: Office equipment. $ 47,000 Mamufacturing equipment (August). 255,000 Radio communication equipment.. 60,000 Purchased a distributing licence on March 1, 2019, for 5 years from a foreign manufacturing company of a related product line, cost: $240,000. - Paid $34,500 in legal fees in reorganizing the capital structure. Disposals: Cost Book Proceeds value Equipment - office. $ 16.250 $ 4.225 $ 1,950 Brick building in C1. 1 (excluding land) 1,400,000 900,000 568,000 REQUIRED Prepare a schedule for tax purposes to reflect the above transactions and calculate the maximum write-off for tax purposes. (Ignore the effects of the replacement property rules in subsection 13(4) and the effects of leap years.)