Graphics Ltd has a December 31 year end As of January 1, 2018, Graphics Ltd had the following UCC balances for its various tangible assets Class 8 240,000 Class 10 130,000 Other information relating to Graphics Ltd s tangible assets is as follows The January 1, 2018 UCC balance in Class 01 reflected a single building that was acquired in 2014 for $870,000 Of that total, $270,000 was allocated to the land on which the building was situated It was a new building used 50 for manufacturing and processing and 50 for office space It was allocated to a separate Class 01 On November 13, 2018, the building and land were sold for $990,000 At the time of sale, the land was valued at $540,000 A new building was purchased on December 13, 2018 at a cost of $830,000, with an amount of $250,000 of that total being allocated to the land on which the building was situated The new building is used 50 for manufacturing and processing and 50 for office space It is allocated to a separate Class 01 On March 04, 2018, Graphics Ltd acquired office furniture for $90,000 As a result of trading in furniture, Graphics Ltd received a trade in allowance of $20,000, resulting in a net cost for the new furniture of $70,000 The capital cost of the furniture that was traded in was $65,000 The January 1, 2018 balance in Class 10 reflects nine vehicles that were being used by Graphics Ltd s sales staff Their original cost totaled $280,000 Graphics Ltd decided it would be more economical to provide their sales staff with leased vehicles To this end, the nine vehicles were sold for proceeds of $160,000 on September 09, 2018 The amount received for each vehicle was less than its capital cost On April 10, 2018, Graphics Ltd acquired a Porsche, which was used solely by the companys president The cost of this vehicle was $200,000 The president drove it in 2018 70,000 kilometres driven, of which only 10,000 kilometres involved employment duties The president is not a shareholder of Graphics Ltd Some of Graphics Ltd s business is conducted out of a building that is leased The lease, which had an initial term of 6 years, can be renewed for 2 additional years at the end of the initial term Immediately after the lease was signed on January 1, 2016, Graphics Ltd spent $240,000 on leasehold improvements During July, 2018, an additional $210,000 was spent upgrading this property During 2015, Graphics Ltd purchased two franchises The first franchise was purchased on August 1, 2015, cost $62,000, and had a legally limited life of 8 years The second franchise was purchased on October 12, 2015, cost $84,000, and had an unlimited life This second franchise was sold during 2017 for $65,000 Graphics Ltd took maximum CEC and CCA deductions in all years Required Calculate Graphics Ltd s maximum CCA for the year ending December 31, 2018 Your answer should include the maximum that can be deducted for each CCA class In addition, indicate the amount of any recapture, terminal loss, or taxable capital gain that results from the 2018 dispositions

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Graphics Ltd. has a December 31 year-end. As of January 1, 2018, Graphics Ltd. had the following UCC balances for its various tangible assets: Class

Graphics Ltd. has a December 31 year-end. As of January 1, 2018, Graphics Ltd. had the following UCC balances for its various tangible assets:

Class 8

240,000

Class 10

130,000

Other information relating to Graphics Ltd.s tangible assets is as follows:

The January 1, 2018 UCC balance in Class 01 reflected a single building that was acquired in 2014 for $870,000. Of that total, $270,000 was allocated to the land on which the building was situated. It was a new building used 50% for manufacturing and processing and 50% for office space. It was allocated to a separate Class 01. On November 13, 2018, the building and land were sold for $990,000. At the time of sale, the land was valued at $540,000.
A new building was purchased on December 13, 2018 at a cost of $830,000, with an amount of $250,000 of that total being allocated to the land on which the building was situated. The new building is used 50% for manufacturing and processing and 50% for office space. It is allocated to a separate Class 01.
On March 04, 2018, Graphics Ltd. acquired office furniture for $90,000. As a result of trading in furniture, Graphics Ltd. received a trade in allowance of $20,000, resulting in a net cost for the new furniture of $70,000. The capital cost of the furniture that was traded in was $65,000.
The January 1, 2018 balance in Class 10 reflects nine vehicles that were being used by Graphics Ltd.s sales staff. Their original cost totaled $280,000. Graphics Ltd. decided it would be more economical to provide their sales staff with leased vehicles. To this end, the nine vehicles were sold for proceeds of $160,000 on September 09, 2018. The amount received for each vehicle was less than its capital cost.
On April 10, 2018, Graphics Ltd. acquired a Porsche, which was used solely by the companys president. The cost of this vehicle was $200,000. The president drove it in 2018: 70,000 kilometres driven, of which only 10,000 kilometres involved employment duties. The president is not a shareholder of Graphics Ltd.
Some of Graphics Ltd.s business is conducted out of a building that is leased. The lease, which had an initial term of 6 years, can be renewed for 2 additional years at the end of the initial term. Immediately after the lease was signed on January 1, 2016, Graphics Ltd. spent $240,000 on leasehold improvements. During July, 2018, an additional $210,000 was spent upgrading this property.
During 2015, Graphics Ltd. purchased two franchises. The first franchise was purchased on August 1, 2015, cost $62,000, and had a legally limited life of 8 years. The second franchise was purchased on October 12, 2015, cost $84,000, and had an unlimited life. This second franchise was sold during 2017 for $65,000.
Graphics Ltd. took maximum CEC and CCA deductions in all years.

Required

Calculate Graphics Ltd.s maximum CCA for the year ending December 31, 2018. Your answer should include the maximum that can be deducted for each CCA class. In addition, indicate the amount of any recapture, terminal loss, or taxable capital gain that results from the 2018 dispositions.