Nick Ltd., with a taxation year that ends on December 31.
The Company has a Class 8 (20 percent) UCC balance on January 1, 2019 of:				$1,050,000
During 2019, it acquires eligible AccII Class 8 assets at a total cost of:				$180,000
The Company also disposes of Class 8 assets for total proceeds of:				$90,000
The Class 8 Assets disposed off had a cost of:				$70,000
Determine the maximum Class 8 CCA that Nick Ltd. can deduct for 2019.
Determine the UCC balance at January 1st, 2020.
Explain any other tax consequences for the year 2019.