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5 mins within needed: The following information relates to Alfie Co. for its taxation year that ends on December 31, 2022: Note 1: The Company

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image text in transcribed The following information relates to Alfie Co. for its taxation year that ends on December 31, 2022: Note 1: The Company has UCC balances on January 1, 2022 for its tangible assets as follows: Note 2: During 2022, the building that was acquired in 2006 was sold for cash of $635,000. Of this total, $130,000 represented the value of the land on which the building was situated. The building had a capital cost of $620,000, of which $100,000 represented the value of the land at time the building was acquired. The building was replaced during 2022 with a new building at a cost of $805,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1 . The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Note 3: During 2022, the Company purchased office furnishings for $74,000. They traded in older furnishings and received an allowance of $26,000. The capital cost of the furnishings that were traded in was $56,000. Note 4: The only vehicle purchased during 2022 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes. Note 5: Computer software that is not systems software is purchased during the year; Note 6: The company sold all of their computer hardware for $1,000. The original cost of the hardware was $22,000. The company decided to lease their computer hardware instead. Note 7: Alfie Co. has always deducted the maximum CCA a in each year of operation. Required: Calculate the maximum 2022 CCA that can be taken on each class of assets, the January 1, 2023 UCC balance for each class, and any other 2022 income inclusions or deductions resulting from the information provided in the

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