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Maple Enterprises Ltd. has always claimed maximum CCA Maple had the net income of $100.000 excluding the following capital transactions 3 1 The undepreciated capital

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Maple Enterprises Ltd. has always claimed maximum CCA Maple had the net income of $100.000 excluding the following capital transactions 3 1 The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follows Class 1 Class 8 $200,000 (one building in class) 190.000 2 2.54.50 In 2020, the company expanded into the manufacturing business by purchasing the following assets Equipment manufacturing) $30.000 Product licence for an indefinite penod The bunding was sold in 2020 for $260.000 (orginal cost-$230.000) During 2020, the company purchased office fumiture for $14.000 10.000 3 4 Required: Complete the table below to calculate Mapless net income for tax purposes for the 2020 taxation yeas of an item is not relevant, leave blon Use a minus sign - when entering numbers that reduce UCC) Complete the table below to calculate Maples's net income for tax purposes for the 2020 taxation year. (if an item is not relevant, leave blank Use a minus sign (-) when entering numbers that reduce UCC.) Class 1 Building Class 8 Furniture Class 14.1 Intangible License Class 53 Manufacturing equipment UCC, beginning of your Add Purchases Less Disposal Recapture Less CCA Ending UCC Capital Gain Taxatile Capital Gain $ 05 05 05 0 Business income Net Income for Tox purposes 5

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