On January 1, 2021, Kelvin Ltd. has the following UCC balances. A (Click the icon to view the UCC balances.) For the taxation year ending December 31, 2021, Kelvin Ltd. has determined that its Net Income, before any deduction for CCA, amounts to $43,300. As the company does not have any Division C deductions, Taxable income, before any deduction for CCA, would also amount to $43,300. (Click the icon to view the information on depreciable property.) Required - Required Depreciable property information - UCC balances Class 8 $ 162,700 Class 10 111,900 A. Calculate the maximum CCA claim by Kelvin Ltd. for the taxation year ending December 31, 2021 B. As Kelvin's tax advisor, indicate how much CCA you would advise them to claim for the 2021 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words the goal is simply to reduce taxable income, and therefore taxes payable, to nil. Class 12 42,200 Other information related to the company's depreciable property is as follows. 1. All of the Class 12 property was purchased in 2020. 2. The leasehold improvements were made in September 2019 at a capital loss of $240,500 3. During 2020, the capital cost of additions to Class 10 amount to $52,500, while the proceeds from dispositions in this class totaled $28,700. In no case did the proceeds of the disposition exceed the capital cost of the properties sold, and there was still property in the class as of December 31, 2021. 4. There were no 2021 additions or dispositions to any of Classes 8, 12, 13, or 14.1 5. The company has always deducted the maximum amount of CCA. Class 13 179,900 Class 14.1 131,770 Print Done Print Done Print Done Class 13 On January 1, 2021, Kelvin Ltd. has the following UCC balances. (Click the icon to view the UCC balances.) For the taxation year ending December 31, 2021, Kelvin Ltd. has determined that its Net Income, before any deduction for CCA, amounts to $43,300. As the company does not have any Division C deductions, Taxable income, before any deduction for CCA, would also amount to $43,300. (Click the icon to view the information on depreciable property.) The maximum CCA claim is $ Requirement B. As Kelvin's tax advisor, indicate how much CCA you would advise them to claim for the 2021 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words the goal is simply to reduce taxable income, and therefore taxes payable, to nil. Explain the best way to make your recommendation. Choose the correct answer below. O A. Deduct the required amount from the smallest balances first OB. Deduct the required amount from the largest balances first. OC. Deduct the required amount from the balances with the lowest rates. OD. Deduct the required amount from the balances with the highest rates. Complete the table below with how much CCA you would advise them to claim in each class for the 2021 taxation year. (Round your answers to the nearest dollar. Leave unused cells blank, do not enter "O".) Class 8 Class 10 Class 12 Class 13 Class 14.1 Total CCA On January 1, 2021, Kelvin Ltd. has the following UCC balances. A (Click the icon to view the UCC balances.) For the taxation year ending December 31, 2021, Kelvin Ltd. has determined that its Net Income, before any deduction for CCA, amounts to $43,300. As the company does not have any Division C deductions, Taxable income, before any deduction for CCA, would also amount to $43,300. (Click the icon to view the information on depreciable property.) Required - Required Depreciable property information - UCC balances Class 8 $ 162,700 Class 10 111,900 A. Calculate the maximum CCA claim by Kelvin Ltd. for the taxation year ending December 31, 2021 B. As Kelvin's tax advisor, indicate how much CCA you would advise them to claim for the 2021 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words the goal is simply to reduce taxable income, and therefore taxes payable, to nil. Class 12 42,200 Other information related to the company's depreciable property is as follows. 1. All of the Class 12 property was purchased in 2020. 2. The leasehold improvements were made in September 2019 at a capital loss of $240,500 3. During 2020, the capital cost of additions to Class 10 amount to $52,500, while the proceeds from dispositions in this class totaled $28,700. In no case did the proceeds of the disposition exceed the capital cost of the properties sold, and there was still property in the class as of December 31, 2021. 4. There were no 2021 additions or dispositions to any of Classes 8, 12, 13, or 14.1 5. The company has always deducted the maximum amount of CCA. Class 13 179,900 Class 14.1 131,770 Print Done Print Done Print Done Class 13 On January 1, 2021, Kelvin Ltd. has the following UCC balances. (Click the icon to view the UCC balances.) For the taxation year ending December 31, 2021, Kelvin Ltd. has determined that its Net Income, before any deduction for CCA, amounts to $43,300. As the company does not have any Division C deductions, Taxable income, before any deduction for CCA, would also amount to $43,300. (Click the icon to view the information on depreciable property.) The maximum CCA claim is $ Requirement B. As Kelvin's tax advisor, indicate how much CCA you would advise them to claim for the 2021 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words the goal is simply to reduce taxable income, and therefore taxes payable, to nil. Explain the best way to make your recommendation. Choose the correct answer below. O A. Deduct the required amount from the smallest balances first OB. Deduct the required amount from the largest balances first. OC. Deduct the required amount from the balances with the lowest rates. OD. Deduct the required amount from the balances with the highest rates. Complete the table below with how much CCA you would advise them to claim in each class for the 2021 taxation year. (Round your answers to the nearest dollar. Leave unused cells blank, do not enter "O".) Class 8 Class 10 Class 12 Class 13 Class 14.1 Total CCA