On January 1, 2018, the beginning of its taxation year, Bard Ltd. has the following information on depreciable assets in its records: just queation 7

Sale Of Automobiles An extensive analysis of capital and operating costs indicated that the Company would be better off leasing automobiles, rather than continuing to purchase and retain ownership of these assets. As a consequence, all of the Company's automobiles were sold on December 28, 2019 for $185,000. The leased vehicles were delivered on January 2, 2020. Required: For the taxation year ending December 31, 2019 calculate the maximum CCA that can be deducted by Bard Ltd. for each CCA class. In addition, calculate the January 1, 2020 UCC balance for each class. As part of your answer, you should indicate any other tax consequences that would result from the described transactions. Assignment Problem Five - 8 (CCA And CEC Transition Calculations) Microhard Ltd. has a December 31 year end. As of January 1, 2019, Microhard had the following UCC balances for its various tangible assets: Class 1 $606,929 Class 8 347,291 Class 10 142,800 Class 13 175,500 Other information related to the Company's tangible assets is as follows: Class 1 The January 1, 2019 balance in Class 1 reflected a single building that was acquired in 2015 for $900,000. Of this total, $200,000 was allocated to the land on which the building was situated. On February 1, 2019, this building and the land was sold for $800,000. At this time, the value of the land was unchanged at $200,000. A new building was purchased on November 15, 2019 at a cost of $950,000, with $150,000 of this total being allocated to the land on which the building was situated. The new building is used 50 percent for manufacturing and processing and 50 percent for office space. It is allocated to a separate Class 1. Class 8 On March 1, 2019, the Company acquired Class 8 assets for $111,256. As a result of trading in older Class 8 assets, the Company received a trade in allowance of $20,000, resulting in a net cost for the new assets of $91,256. The capital cost of the assets traded in was $58,425. Class 10 The January 1, 2019 balance in Class 10 reflects 8 vehicles that were being used by the Company's sales staff. Their original cost totaled $240,000. The Company decided it would be more economical to provide their sales staff with leased vehicles. To this end, the 8 vehicles were sold for proceeds of $150,000 on October 31, 2019. The amount received for each vehicle was less than its capital cost. On August 1, 2019, the Company acquires a BMW 750 for the use of the Company's president. The cost of this vehicle was $142,000. The president drives it 65,000 kilo- meters during the 2019 fiscal year, with only 10,000 kilometers involving employment duties. The president is not a shareholder of Microhard. Class 13 Some of the Company's business is conducted out of a building that is leased. The lease, which had an initial term of 6 years, can be renewed for 2 addi- tional years at the end of the initial term. Immediately after the lease was signed on January 1, 2017, Microhard spent $216,000 on leasehold improvements. During April, 2019, an additional $42,000 was spent upgrading this property. On May 1, 2015, the Company purchased an unlimited life franchise for $124,000. This fran- chise was sold December 1, 2019 for $136,000.Assignment Problem Five - 7 (CCA, Recapture, And Terminal Losses - Includes Taxable Capital Gain) On January 1, 2019, the beginning of its taxation year, Bard Ltd. has the following information on depreciable assets in its records: Undepreciated Original Type Of Asset Capital Cost Capital Cost Class 8 Furniture $ 24,000 $147,000 Class 1 Buildings (Acquired In 2005) 562,000 846,000 Class 10 Automobiles 220,000 315,000 During the 2019 taxation year, the following transactions occur: Sale Of Furniture Furniture with an original cost of $52,000 was sold for $36,000. There are still assets in Class 8 at the end of the year. Purchase And Sale Of Buildings A new building was acquired on February 1, 2019 at a cost of $325,000. Of this total, $75,000 was the estimated value of the land on which the building was situated. The building will be used 100 percent for office space and is placed in a separate Class 1. Also during the year, a building (including the land) with an original cost of $335,000 was sold for $352,000. Of the $352,000 received, $200,000 is for the land on which the building is situated. The adjusted cost base of the land was equal to the $200,000 proceeds of disposition