QUESTION #1(16 MARKS) You are part of the CRA audit team for X Ltd., a Canadian Public Corporation. You met with the accountant and obtained the following information relating to the fixed assets:- i. The Undepreciated Capital cost at the beginning of January 1st.2021 were as follows:- Class #1(4%).$98,000 Class #3(5%)150,000 Class #10(30%)(Delivery Van)15,000 Class #10.1(Automobile)..18,000 Class #12(100%)..4,000 Class #13..165,000 Class #14.71,800 Class#14.1(5%)...59,300 Class#43(100%)31,500 Additional Information:- 1. During 2021, the Company made the following purchases:- i. A used building to be used 100% for manufacturing(Cl#1-10%)$630,000 ii. Manufacturing machinery (Cl#43).. 174,000 iii. Tools costing under $500 each (Cl#12)..7,000 2. Details relating to sales of fixed assets made during the year were as follows:- Cost.ProceedsNet Book Value Equipment(Class#43)$84,000....$22,400$30,000 Patent(Class #14)90,000..140,000. 7,000 Building(Class#3-5%).700,000180,000...8,400 3. The Class#3 building was acquired in 1980 and was the only asset remaining in the class when the sale occurred. 4. The Class #13 assets consist of:- i. Improvements to a leased warehouse consisting $100,000 in 2020. The remaining length of the lease in 2020 was six years with two successive options of four years. ii. Improvements to a leased office space for head office downtown, costing $81,600 in 2019. The remaining length of the lease was five years with an option to renew for an additional one year.

Required:-Prepare the 2021 Capital Cost Allowance Schedule.