Merch Inc. has the following information for its taxation year that ends on December 31, 2021: 1. Opening UCC balances on January 1, 2021 for its tangible assets are as follows: Class 1 (A building purchased in 2010) $500,000

Class 8 250,000

Class 13 140,000

Class 10 130,000 2. During 2021, the building that was purchased in 2010 was sold for cash of $700,000. Of this total, the value of the land was $150,000. The building had a capital cost of $600,000, of which $75,000 was the value of the land at time the building was purchased. During 2021 a new building was purchased at a cost of $760,000, of which $150,000 was the value of the land. Both the old and the new buildings were used 100 percent for manufacturing purposes. The old building belonged to a separate Class 1 and the new building belongs to a separate Class 1. 3. During 2021, the Company acquired office furniture for $79,000. They sold older furniture for $20,000. The capital cost of the furniture sold was $60,000. 4. The only vehicle acquired during 2021 was a Mercedes-Benz to be used by the CEO of the Company. The cost of this car was $100,000. 5. Merch also leases a building. The lease was signed on January 1, 2020 and had an initial term of 8 years. It has an option to renew for 4 years. At the time the lease was signed, Merch spent $160,000 on leasehold improvements. 6. During 2017, Merch acquired a limited life franchise for $65,000. It has a legally limited life of 9 years. 7. Merch Inc. has deducted the maximum CCA in each year of operation. Required: Calculate the maximum CCA for 2021 for each CCA class. In addition, determine the amount of any terminal loss or recapture that results from dispositions during 2021