On January $1,2023,$ the beginning of its calendar$-$based taxation year, Bard Ltd$.,$ a CCPC$,$ provides

the following information with respect to its depreciable property:

Property Description UCC Capital Cost

Class $8$ furniture $ $24,000$ $ $147,000$

Class $1$ buildings $($purchased in $2006)562,000846,000$

Class $10$ automobiles $220,000315,000$

During the $2023$ taxation year, the following transactions occur:

Sale of Furniture Furniture with a capital cost of $$52,000$ was sold for $$36,000.$ There is

still property in class $8$ on the last day of the taxation year.

Purchase and Sale of Buildings A new building was purchased on February $1,2023,$

with a capital cost of $$1,325,000.$ Of this total, $$375,000$ was the estimated value of theland on which the building was situated with the building valued at $$950,000.$ All the foor

space of the building will be used $100\%$ for non$-$manufacturing business offce space. A

timely election was fled to include the building in a separate class $1.$

In $2023,$ a building $($including the land$)$ with a capital cost of $$835,000$ was sold for $$852,000.$

Of the $$852,000$ received, $$200,000$ is for the land on which the building is situated and the

remaining $$652,000$ for the building. The ACB of the land was equal to the $$200,000$ POD.

Sale of Automobiles An extensive analysis has revealed that the company would be

better off leasing automobiles rather than purchasing them. As a consequence, all the

company$$s automobiles were sold in December $2023$ for a total of $$185,000.$ None of the

automobiles were sold for more than its capital cost. The leased vehicles were delivered

in early January $2024.$

Required: For the $2023$ taxation year, calculate the maximum CCA that can be claimed by Bard

Ltd$.$ for each CCA class. In addition, calculate the January $1,2024,$ UCC balance for each class. As

part of your answer, you should indicate whether there are any other income tax consequences

as a result of any of the transactions. Assume that any depreciable property purchases meet the

conditions to qualify for the AccII and that none of the vehicles are zero$-$emission. Ignore any GST$/$

HST or PST considerations. Comment on whether immediate expensing could be used