Bob$$s Buttons is the registered name of a business that is carried on as a sole proprietorship by Bob Pope.

The business commenced September $1,2021$ and sells decorative and promotional buttons to various

clients throughout the city of Toronto and online. Clients include political parties, retail and online stores,

sports teams, and various religious organizations.

When the business began in $2021,$ Bob purchased the following depreciable properties:

$$ A building to house the business. The total cost of the building was $$862,000,$ including an estimated

$$220,000$ for the land. The building is used exclusively for the business, with $92\%$ of the floor space being

used for manufacturing the buttons. An election is filed to include the building in a separate Class $1,$ CCA

rate $10\%.$

$$ Furniture and fixtures for $$120,000,$ Class $8,$ CCA rate $20\%.$

$$ Two customized delivery vehicles for $$36,000$ each, Class $10,$ CCA rate $30\%.$

Bob$$s business policy is to claim maximum CCA. In $2022,$ the following transactions take place:

$$ As the business has enjoyed early success, on April $1,$ Bob purchases a $$110,000$ Lexus $($Class $10\mathrm{.}1).$ He

has large logos of the business painted on both sides of the vehicle. Since Bob inherited a Jeep, a Ferrari,

and a BMW motorcycle, he drives the Lexus $100\%$ for business purposes.

$$ The business acquires four new delivery vehicles at a cost of $$38,000$ each $($Class $10).$ As part of this

purchase, the two vehicles purchased in $2021$ are traded in$.$ An allowance of $$21,000$ is received for each

vehicle.

As Bob believes in free speech and has been told repeatedly by his family that he has a very twisted sense

of humour, some of his favourite buttons have created social media firestorms. After Bob receives a

number of threats, he decides to terminate his business in $2023$ and start a new home security business

in Alberta. By December $31,2023,$ all of the depreciable properties are sold. The proceeds $($POD$)$ are as

follows:

Building The building is sold for $$903,000,$ with $$220,000$ attributable to the land and $$683,000$ to the

building.

Furniture & Fixtures These properties are all sold for $$53,000.$

Delivery Vehicles The four delivery vehicles are sold for $$34,000$ each.

Lexus The Lexus is sold for $$62,000.$

Required: Determine the maximum CCA that can be claimed in each of the years $2021$ to $2023.$ In your

calculations, include and identify the UCC balances at January $1,2022,$ January $1,2023,$ and January $1,$

$2024.$

In addition, indicate any other income tax consequences resulting from the sale of the depreciable

properties in $2022$ and $2023$