A wholesale business with a December $31$ year$-$end purchased new equipment on November $25,2021,$ for $$41,000.$ Before $2021,$

the business owned no other equipment.

Required:

a$.$ What are the tax consequences if the business sells the equipment in $2023$ for $($a$)$ $$16,000?($b$)$ $$24,000?($c$)$ $$47,000?($Use a

minus sign $(-)$ when entering numbers that reduce UCC.$)$

$2021$ purchase

$2021$CCA

$2021$ UCC

$2022$ CCA

$2022$ UCC

$2022$ UCC

Situation A Less disposal Proceeds

Interim UCC Balance

$

$0$

Ending UCC

$2022$ UCC

Situation B

Less disposal Proceeds

Interim UCC Balance

$|$

Ending UCC

$2022$ UCC

Situation C Less disposal Proceeds

Interim UCC Balance

$

$0$

Ending UCC

Capital Gain

Taxable Capital gain