A wholesale business with a December 31 year end purchased new equipment on November 25, 2018, for $41,000. Before 2018, the business owned no other equipment. Required: Complete the table below to show the tax consequences if the business sells the equipment in 2020 for (a) $16,000? (b) $24,000? (C) $47,000? (Use a minus sign (-) when entering numbers that reduce UCC.) 1. 2018 purchase 2018 CCA 2018 UCC 2019 CCA 2019 UCC Situation A 2019 UCC Less disposal Proceeds Interim UCC Balance $ 0 Ending UCC $ 0 2019 UCC Less disposal Proceeds Interim UCC Balance DIT 11 MI Situation B $ 0 Ending UCC $ 0 Situation C 2019 UCC Less disposal Proceeds Interim UCC Balance $ 0 $ 0 Ending UCC Capital Gain Taxable Capital gain 2. How would your answer change if on December 31, 2020. the business acquired new equipment costing $1.2002 (Use a minus sign (-) when entering numbers that reduce UCC.) 2018 purchase 2018 CCA 2018 UCC 2019 CCA 2019 UCC Situation A 2019 UCC Purchase Less disposal Proceeds Interim UCC Balance S 0 S 0 Ending UCC Should Maple delay the purchase by one day (e.g. January 1, 2021)? Situation 8 2019 UCC Purchase Less disposal Proceeds Interim UCC Balance S 0 S 0 Ending UCC Should Maple delay the purchase by one day (e.g. January 1, 2021)? Situation C 2019 UCC Purchase Less disposal Proceeds Interim UCC Balance S 0 S 0 Ending UCC Capital Gain Taxable Capital gain Should Maple delay the purchase by one day (e.g. January 1, 2021)? Yes