Question $5(25$pts$)$

Denard is a Canadian public company with a December $31$ taxation year$-$end. It is the policy of Denard Ltd$.$ to claim maximum CCA for all classes of depreciable property. On January $1,2023$ Denard had a nil balance in Class

$14\mathrm{.}1.$In $2023$ Denard expands its business by purchasing the business of a competitor. The cost of the business includes a navment for nondwill in the amn$$nt of $$145$ n$$n In additinn nenard alen arnu lires an

Required Determine the income tax consequences for the $20232024$ taxation years.

Your answer should include the Class $14\mathrm{.}1$ UCC balance as of January $1,2025.$