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Maple Enterprises Ltd., a public corporation, has always claimed maximum CCA. The following information relates to the corporations capital transactions: The undepreciated capital cost of
Maple Enterprises Ltd., a public corporation, has always claimed maximum CCA. The following information relates to the corporations capital transactions:
- The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follows:
Class 1 | $ | 220,000 | (one building in class) |
Class 8 | 209,000 |
- In 2022, the company expanded into the manufacturing business by purchasing the following assets:
Equipment (manufacturing) | $33,000 |
Product licence for an indefinite period | 11,000 |
- The building was sold in 2022 for $286,000 (original cost$253,000).
- During 2022, the company purchased office furniture for $15,400.
Required: Complete the table below using the given information. (If an item is not relevant, leave blank. Use a minus sign (-) when entering numbers that reduce UCC.)
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