Julio Kilmer is the sole shareholder of Kilmer Consulling Lid, which provides professional consulting services to several organizations in the oil and gas industry Kilmer Consuling Lld$.$ was incorporated on September $1$ in the pror year, and the corporation has selected a fiscal year$-$end of December $31.$ The corporation leases office space in Toronto, Ontario

It is now March of the current year, and you are preparing the corporate tax return for Kilmer Consulting Lid for the prior fiscal year ended December $31,$ which includes the first four months of operations from September $1$ to December $31$ of the prior year. Julio Kilmer informs you that the corporation is doing well and he has developed a strong network of clients in the oil and gas consulting industry.

View the transactions.

Read the requirements.

Requirement $1.$ Determine the appropriate Capital Cost Allowance classes for each of the capital asset acquisitions.

Select the appropriate class for each asset.

$\backslash$table$[[$Asset$,$Class$],[$Office furniture,Class $8],[$Electronic equipment,Class $50],[$Automobiles$,],[,],[,],[,],[,],[,]]$

Requirement $2.$ Julio has heard that capital assets cannot be depreciated until they are considered "available for use." Explain the "available for use" rules for tax purposes and when the capital asset purchases in the current