Bob Black wishes you to complete his CCA schedule for 2023. Bobs year-end is December 31. He gives you the following information; Asset Cost UCC January 1, 2023 Ordinary equipment, Class 8 20% 85,000 31,000 Leasehold improvements 30,000 17,500 Passenger vehicle 80,000 14,700 Trucks, class 10 30% 40,000 23,800 Smart phones and tablets, class 50 55% 7,000 1,225 1. The leasehold improvement represents an improvement to a leased building on January 1, 2021, costing $30,000. The lease is for 4 years with two successive options to renew of 2 years each. 2. During 2023 the company made the following expenditures: a. Unlimited life government license costing $15,000. b. Further renovations to the leased warehouse (see note 1) of $12,000. c. Purchased equipment for $6,000. d. Purchased a 5-year copyright on April 1, 2021 at a cost of $20,000. e. Purchased computer hardware, class 50 55%, for $8,000 February 1, 2023. 3. During 2023 the company disposed of the following assets: a. Equipment (class 8) was sold for $8,000. The original cost of the equipment was $10,000. b. The passenger vehicle was sold for $65,000. The original cost was $80,000. c. The truck, the only asset in the class, was sold for $20,000. The original cost was $40,000. d. Sold a few tablets for $1,000 in total (class 50). Their cost $1,500. Question 2 (4 marks) Olander Ltd. Is incorporated on February 1, 2023. On March 15, 2023, the company acquires $100,000 in Class 8 assets (20%). The company has a December 31 year end and no other depreciable assets are acquired before December 31, 2023. Required Determine the maximum CCA deduction for the year ending December 31, 2023. Question 3 (1 marks) Monlin Ltd. Is planning to start business operations on January 1, 2024. In preparation for start-up the company purchased trucks valued at $300,000 (class 10 30%), equipment costing $120,000 (class 8 20%) and a building costing $950,000 (class 1 6%). Required: Determine the maximum CCA deduction for the year ending December 31, 2023