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Lou Silva has owned and operated The Wellness Store for fifteen years. The company's year-end is December 31st. The following chart lists the company's assets

Lou Silva has owned and operated The Wellness Store for fifteen years. The company's year-end is December 31st. The following chart lists the company's assets owned prior to 2020 and their UCC balances as of January 1, 2020.

Asset

UCC Balance

Store (building purchased in 2005) (Class 1 4%)

$100,000

Delivery van (Class 10)

15,000

Furniture and office equipment (Class 8)

30,000

Photocopier purchased in 2018 (Separate Class 8)

2,000

Patent (purchased in 2017)

10,000

The following transactions took place in 2020: a. Lou purchased $2,000 worth of small tools (each costing under $500). b. The delivery van was sold for $12,000. The original cost was $20,000. A second-hand van was purchased in the year for $16,000. c. $15,000 was paid for an air conditioning system in the building, which was added to the cost of the standard Class 1 pool. d. Lou sold the photocopier for $1,500 in the year, and will replace it in January, 2021 with a second-hand model valued at $1,700. e. Lou amortizes the patent in Class 44. f. The business acquired a franchise on March 1st of 2020 for $55,000. The franchise has a limited legal life of 20 years. (Ignore leap year effects.)

Instructions: Input amounts without dollar signs or commas, and round to the nearest dollar. If answer is zero, input "0". Positive numbers ONLY.

What is the maximum CCA that can be claimed on the Store Building?

What is the maximum CCA that can be claimed on the Delivery Van?

What is the maximum CCA that can be claimed on the Furniture and Office Equipment?

What is the maximum CCA that can be claimed on the Photocopier?

What is the maximum CCA that can be claimed on the Patent?

What is the maximum CCA that can be claimed on the Tools?

What is the maximum CCA that can be claimed on the Franchise?

What is the total Recapture incurred from this scenario?

What is the total Terminal Loss incurred from this scenario?

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