1. On September 1, , Consulting purchased several pieces of office furniture for the rented office space including several chairs, a small desk, several small side tables, and two sofas. The total cost of all purchased furniture was . 2019 Kilmer $42,300 2. On September 6, , Consulting purchased laptop computers and a printer for a total cost of . 2019 Kilmer $5,255 3. On November 1, , Consulting purchased a luxury sedan for . The vehicle will be used by the sole shareholder, , as he often needs to travel to meet clients or to inspect potential job sites.

James Kilmer is the sole shareholder of Kilmer Consulting Ltd., which provides professional consulting services to several organizations in the oil and gas industry Kilmer Consulting Ltd. was incorporated on September 1, 2019, and the corporation has selected a fiscal year-end of December 31. The corporation leases office space in Winnipeg, Manitoba. It is now March 2020, and you are preparing the corporate tax return for Kilmer Consulting Ltd. for the fiscal year ended December 31, 2019, which includes the first four months of operations from September 1 to December 31, 2019. James Kilmer informs you that the corporation is doing well and he has developed a strong network of clients in the oil and gas consulting industry (Click on the icon to view the transactions.) Required ..... Requirement 1. Determine the appropriate Capital Cost Allowance classes for each of the capital asset acquisitions. Select the appropriate class for each asset. Asset Class Office furniture Electronic equipment Automobiles James Kilmer is the sole shareholder of Kilmer Consulting Ltd., which provides professional consulting services to several organizations in the oil and gas industry Kilmer Consulting Ltd. was incorporated on September 1, 2019, and the corporation has selected a fiscal year-end of December 31. The corporation leases office space in Winnipeg, Manitoba. It is now March 2020, and you are preparing the corporate tax return for Kilmer Consulting Ltd. for the fiscal year ended December 31, 2019, which includes the first four months of operations from September 1 to December 31, 2019. James Kilmer informs you that the corporation is doing well and he has developed a strong network of clients in the oil and gas consulting industry (Click on the icon to view the transactions.) Required ..... Requirement 1. Determine the appropriate Capital Cost Allowance classes for each of the capital asset acquisitions. Select the appropriate class for each asset. Asset Class Office furniture Electronic equipment Automobiles