Class 1During 2019, a new office building was acquired at a total cost of $623,000.Of this total, it is estimated that the value of the land is $145,000.The building will be used 100 percent for non-residential activities, none of which involve manufacturing.It will be allocated to a separate Class 1.

Calculate the maximum CCA that can be taken on the class of asset for the year ending December 31, 2019 and calculate the UCC for the class of asset on January 1, 2020.