1) James Co has the following related to Class 8 assets: Beginning UCC Balance: $33,483 James disposes of all assets within the class during the year, for proceeds of disposition of $20,549. The total cost of these assets was $68,945 If James Co has no additions for the year, and there are no assets remaining in the class at the end of the year, what would be the amount of terminal loss James Co must add to business income for tax purposes?

2) A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1, 2020. The machine has a cost of $25,976 and A1A incurs an additional $6,233 in expenses for installation. The machine is a Class 8 asset . What is the maximum CCA deduction A1A can take on this asset for the April 1 to December 31, 2020 fiscal year (hint: assume 2020 was NOT a leap year)?