ASAPP

thats all that came with it

The January 1, 2020 balance in this Class 53(50%) was $53,000. The capital cost of the assets in this class was $74,000. As the Company has found its manufacturing operations to be unprofitable, all of these assets were sold during 2020. The proceeds totaled $51,000. None of the individual assets sold had proceeds that exceeded their individual capital cost. Calculate the maximum CCA that can be taken on the class of asset for the year ending December 31, 2020 and calculate the UCC for the class of asset on January 1, 2021. In addition, determine the amount of any recapture or terminal loss that may arise