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Golden Dragon Ltd. begins operations in Vancouver on September 1, 2014. These operations include an elegant sit down restaurant specializing in northern Chinese cuisine,

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Golden Dragon Ltd. begins operations in Vancouver on September 1, 2014. These operations include an elegant sit down restaurant specializing in northern Chinese cuisine, as well as a take out operation that provides home delivery throughout the city. To facilitate this latter operation, on October 12, 2014, the Company acquires 20 small cars to be used as delivery vehicles. The cost of these cars is $12,000 each and, for purposes of calculating CCA, they are classified as Class 10 assets. During the first year of operations, the Company establishes a fiscal year ending on December 31. In the fiscal periods 2015 through 2019, the following transactions take place with respect to the Company's fleet of delivery cars: 2015 The Company acquires five more cars at a cost of $12,500 each. In addition, three of the older cars are sold for total proceeds of $27,500. 2016 There are no new acquisitions of cars during this year. However, four of the older cars are sold for total proceeds of $38,000. 2017 In December, 2017, 13 of the original cars and 3 of the newer cars are sold for $128,000. It was the intent of the Company to replace these cars. However, because of a delay in delivery by the car dealer, the replacement did not occur until January, 2018. 2018 In January of 2018, the Company takes delivery of 25 new delivery cars at a cost of $16,000 each. No cars are disposed of during 2018. 2019 In March, 2019, there is a change in management at Golden Dragon Ltd. They conclude that the Company's take out operation is not in keeping with the more: elegant image that the sit down restaurant is trying to maintain. As a consequence, the take out operation is closed, and the 27 remaining delivery cars are sold. Because of the large number of cars being sold, the total proceeds are only $268,000. Golden Dragon Ltd. takes maximum CCA in each of the years under consideration. Required: For each of the fiscal years 2014 through 2019, calculate CCA, recapture, or terminal loss for Golden Dragon's fleet of cars. In addition, indicate the January 1 UCC for each of the years 2015 through 2020.

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