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the company 2021 year ended taxation year ending december 31,2021. using ASPE the accountant has determined that the company has experienced a loss of $120,00

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the company 2021 year ended taxation year ending december 31,2021. using ASPE the accountant has determined that the company has experienced a loss of $120,00 before income taxes. for each question provide the effect on the reconciliation of Net Loss for accounting purposes to minimum net business income/loss for tax purposes. QUESTION 13 At the end of 2020, the Company had a separate Class 1 UCC balance of $2,810,000 for a factory that they own. This building is eligible for the enhanced Class 1 rate of 10% for Manufacturing and Processing Buildings. The original capital cost of the building was $4,931,000. There are no substantial changes to the factory building during 2021. QUESTION 14 The Company has a balance in Class 13 that relates to a single lease that commenced on January 1, 2020. The lease term is 2 year(s) with no renewal options specified. Expenditures on this leasehold were $14,600 in 2020. There have not been any further expenditures. The write-off of these expenditures for accounting purposes is included in Amortization Expense. the company 2021 year ended taxation year ending december 31,2021. using ASPE the accountant has determined that the company has experienced a loss of $120,00 before income taxes. for each question provide the effect on the reconciliation of Net Loss for accounting purposes to minimum net business income/loss for tax purposes. QUESTION 13 At the end of 2020, the Company had a separate Class 1 UCC balance of $2,810,000 for a factory that they own. This building is eligible for the enhanced Class 1 rate of 10% for Manufacturing and Processing Buildings. The original capital cost of the building was $4,931,000. There are no substantial changes to the factory building during 2021. QUESTION 14 The Company has a balance in Class 13 that relates to a single lease that commenced on January 1, 2020. The lease term is 2 year(s) with no renewal options specified. Expenditures on this leasehold were $14,600 in 2020. There have not been any further expenditures. The write-off of these expenditures for accounting purposes is included in Amortization Expense

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