The fiscal year of the Acker's Hit Manufacturing Company, a Canadian public company, and on December 21 On June 1.2021, the them for the newest and by the companys (Click the icon to view the UCC balances) Check the icon to view the purchases of depreciate property) Click the icon to view the disposition) Click the icon to view additional Indemnation) Rewind were Class 1-Building (Round your answers to the nearest dollar) There addition or dispositions in this coss As a consequence, the medium 2021 OCA would be the owy 1 2022 UCC at would be the ones who 2007 would have been eligible for an enhanced CCA rate since it was not purchased Class Office Furniture and Equipment (Round your answers to the nearest Collar) The maximun 2021 CCA would be $ The January 1, 2022 UCC balance for class would be 53. The sale of the tuntur ad equipment woke rest in a luath and 19 Class 10Vehicles (Round your answers to the nearest dollar) The maximum 2021 CCA would be s@ The January 1 2022 UCC halance for clasa 16 would be sig Class 12-Tools (Round your answer to the nearest of The maximum 2021 OCA would be 56 The January 1 2022 UCC halance for class 12 would be Class 13-Leasehold Improvements Rom Class 13-Leasehold Improvements (Round your answers to the nearest dollar) The maximum 2021 CCA would be s 36 The January 1, 2022 UCC balance for class 13 would be $ 63 Class 14--Intangible Property (Round your answers to the nearest dollar) The maximum 2021 CCA would be $ 63 The January 1, 2022 UCC balance for class 14 would be $3] The taxable capital gain on intangible property for 2021 is Class 50-Computer Hardware (Round your answers to the nearest dollar) The maximum 2021 CCA would be 5 6 The January 1, 2022 UCC balance for class 50 would be 53 Class 53-Manufacturing Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be $3 The January 1, 2022 UCC balance for class 53 would be $ 3 Other Income Effects (Round your answers to the nearest dollar) Taxable capital gain on class 3 property Taxable capital gain on class 14.1 property Other Income Effects (Round your answers to the nearest dollar) Taxable capital gain on class 8 property Taxable capital gain on class 14.1 property Terminal loss on class 53 property Total net impact on 2021 net income 23 6 ne icon lo vid 1 UCC Balances he icon to vie 2021 is $3 2 UCC baland Class 1-Building (Note 1) $ 624,700 Class 8 Office Furniture and Equipment 154.900 Class 10Vehicles 117.800 Class 13Leasehold Improvements 61.250 Class 14.1 Nil Class 53 - Manufacturing Equipment 216.800 Note 1 The Class 1 building was acquired, used, in 2009 2 UCC balance -2 UCC balance Print Done 23 dian puby the various classes of assets owned con to vie Purchases con to vie CC baland 2021 is $3 N During the year ending December 31, 2021, the following purchases of depreciable property were made Class 8 Office Furniture and Equipment $ 26,800 Class 10Vehicles (Note 2) 33,400 Class 12-Tools (Note 3) 33,900 Class 13 Leasehold Improvements 45,500 Class 50-Computer Hardware 27,700 Note 2 The purchased vehicle was a delivery truck Note 3 None of the tools that were acquired during the year cost more than $500 C balance CC balance Print Done - Dispositions During this same period, the following dispositions occurred Class 8- Used office furniture and equipment was sold for cash proceeds in the amount of $35,100. The capital cost of property was $22,500 Class 10 A delivery truck with a capital cost of $23,500 was sold for $8,600 Class 53- Since the manufacturing operations will be done by subcontractors in the future, all of the manufacturing equipment was sold for $187.000. Its capital cost was $752,400 Print Done GA LLAVA classes o Additional Information 21 1. The company leases a building for $26,800 per year that houses a portion of its manufacturing operations. The lease was negotiated on January 1, 2018 and has an original lease term of eight years. There are two renewal options on the lease, each for four years. The company made $78,400 of leasehold improvements in 2018 immediately after signing the lease. No further leasehold improvements were made until the current year 2. On February 24, 2021, one of the company's cars was totally destroyed in an accident. At the time of the accident, the fair market value of the car was $12,100. The proceeds from the company's insurance policy amounted to only $8,300. The capital cost of the car was $16.900. 3. During March 2021, the company granted a manufacturing licence for one of its products to a company in southern Ontario. This licensee paid $86,600 for the right to manufacture this product for an unlimited period of time. 4. It is the policy of the company to claim maximum CCA in all years. : 24 Print Done 2 Required - 2022 Calculate the maximum 2021 CCA that can be taken on each class of property, the January 1, 2022, UCC balance for each class, and any other 2021 income tax consequences from the information provided in the problem 2022 2022 Print Done 3 23 6 The fiscal year of the Acker's Hit Manufacturing Company, a Canadian public company, and on December 21 On June 1.2021, the them for the newest and by the companys (Click the icon to view the UCC balances) Check the icon to view the purchases of depreciate property) Click the icon to view the disposition) Click the icon to view additional Indemnation) Rewind were Class 1-Building (Round your answers to the nearest dollar) There addition or dispositions in this coss As a consequence, the medium 2021 OCA would be the owy 1 2022 UCC at would be the ones who 2007 would have been eligible for an enhanced CCA rate since it was not purchased Class Office Furniture and Equipment (Round your answers to the nearest Collar) The maximun 2021 CCA would be $ The January 1, 2022 UCC balance for class would be 53. The sale of the tuntur ad equipment woke rest in a luath and 19 Class 10Vehicles (Round your answers to the nearest dollar) The maximum 2021 CCA would be s@ The January 1 2022 UCC halance for clasa 16 would be sig Class 12-Tools (Round your answer to the nearest of The maximum 2021 OCA would be 56 The January 1 2022 UCC halance for class 12 would be Class 13-Leasehold Improvements Rom Class 13-Leasehold Improvements (Round your answers to the nearest dollar) The maximum 2021 CCA would be s 36 The January 1, 2022 UCC balance for class 13 would be $ 63 Class 14--Intangible Property (Round your answers to the nearest dollar) The maximum 2021 CCA would be $ 63 The January 1, 2022 UCC balance for class 14 would be $3] The taxable capital gain on intangible property for 2021 is Class 50-Computer Hardware (Round your answers to the nearest dollar) The maximum 2021 CCA would be 5 6 The January 1, 2022 UCC balance for class 50 would be 53 Class 53-Manufacturing Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be $3 The January 1, 2022 UCC balance for class 53 would be $ 3 Other Income Effects (Round your answers to the nearest dollar) Taxable capital gain on class 3 property Taxable capital gain on class 14.1 property Other Income Effects (Round your answers to the nearest dollar) Taxable capital gain on class 8 property Taxable capital gain on class 14.1 property Terminal loss on class 53 property Total net impact on 2021 net income 23 6 ne icon lo vid 1 UCC Balances he icon to vie 2021 is $3 2 UCC baland Class 1-Building (Note 1) $ 624,700 Class 8 Office Furniture and Equipment 154.900 Class 10Vehicles 117.800 Class 13Leasehold Improvements 61.250 Class 14.1 Nil Class 53 - Manufacturing Equipment 216.800 Note 1 The Class 1 building was acquired, used, in 2009 2 UCC balance -2 UCC balance Print Done 23 dian puby the various classes of assets owned con to vie Purchases con to vie CC baland 2021 is $3 N During the year ending December 31, 2021, the following purchases of depreciable property were made Class 8 Office Furniture and Equipment $ 26,800 Class 10Vehicles (Note 2) 33,400 Class 12-Tools (Note 3) 33,900 Class 13 Leasehold Improvements 45,500 Class 50-Computer Hardware 27,700 Note 2 The purchased vehicle was a delivery truck Note 3 None of the tools that were acquired during the year cost more than $500 C balance CC balance Print Done - Dispositions During this same period, the following dispositions occurred Class 8- Used office furniture and equipment was sold for cash proceeds in the amount of $35,100. The capital cost of property was $22,500 Class 10 A delivery truck with a capital cost of $23,500 was sold for $8,600 Class 53- Since the manufacturing operations will be done by subcontractors in the future, all of the manufacturing equipment was sold for $187.000. Its capital cost was $752,400 Print Done GA LLAVA classes o Additional Information 21 1. The company leases a building for $26,800 per year that houses a portion of its manufacturing operations. The lease was negotiated on January 1, 2018 and has an original lease term of eight years. There are two renewal options on the lease, each for four years. The company made $78,400 of leasehold improvements in 2018 immediately after signing the lease. No further leasehold improvements were made until the current year 2. On February 24, 2021, one of the company's cars was totally destroyed in an accident. At the time of the accident, the fair market value of the car was $12,100. The proceeds from the company's insurance policy amounted to only $8,300. The capital cost of the car was $16.900. 3. During March 2021, the company granted a manufacturing licence for one of its products to a company in southern Ontario. This licensee paid $86,600 for the right to manufacture this product for an unlimited period of time. 4. It is the policy of the company to claim maximum CCA in all years. : 24 Print Done 2 Required - 2022 Calculate the maximum 2021 CCA that can be taken on each class of property, the January 1, 2022, UCC balance for each class, and any other 2021 income tax consequences from the information provided in the problem 2022 2022 Print Done 3 23 6