The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various dasses of assets owned by the company are as follows Class 1-Building (Round your answers to the nearest dollar.) There were no additions or dispositions in this class. As a consequence, the maximum 2021 CCA would be $(/). The January 1, 2022 UCC of class 1 would be s[] The building was acquired after March 18, 2007, so it would have been eligible for an enhanced CCA rate since it was not purchased new Class 3-Office Furniture and Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be s]The January 1 2022 UCC balance for class 8 would be the sale of the furniture and equipment would result in a taxable gain of s] Class 10-Vehicles (Round your answers to the nearest dollar) The maximum 2021 CCA would be s ] The January 1, 2022 UCC balance for class to would be 57 Class 12-Tools (Round your answers to the nearest dollar.) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 12 would be $ Class 13-Leasehold Improvements (Round your answers to the nearest dollar.) The maximum 2021 CCA would be s The January 1, 2022 UCC balance for class 13 would be Class 14Intangible Property (Round your answers to the nearest dollar) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 14 would be s The taxable capital gain on intangible property for 2021 is so Class 50-Computer Hardware (Round your answers to the nearest dollar.) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 50 would be $ Class 53-Manufacturing Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be The January 1, 2022 UCC balance for class 53 would be s 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 The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various dasses of assets owned by the company are as follows X X UCC balances Purchases Class 1-Building (Note 1) $624,900 During the year ending December 31, 2021, the following Class 8-Office Furniture and purchases of depreciable property were made Equipment 155 400 Class 8Office Furniture and Class 10-Vehicles 117.800 Equipment $ 27,300 Class 13-Leasehold Class 10Vehicles (Note 2) 32.700 Improvements 62.250 Class 12-Tools (Note 3) 34.400 Class 14.1 Nil Class 13--Leasehold Class 53 - Manufacturing Improvements 45.300 Equipment 216.800 Note 1 The Class 1 building was acquired, used in Class 50Computer Hardware 28 300 2009 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 Next The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various classes of assets owned by the company are as follows Dispositions Additional information During this same period, the following dispositions occurred. Class 8- Used office furniture and equipment was sold for cash proceeds in the amount of $34,800. The capital cost of property was 522 200 Class 10 A delivery truck with a capital cost of $23,200 was sold for 58,300 Class 53 Since the manufacturing operations will be done by subcontractors in the future, all of the manufacturing equipment was sold for $184,000. Its capital cost was 5751.900. 1. The company leases a building for 527,100 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 $78,200 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 $7.900. 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 foensee paid 586,500 for the right to manufacture this product for an unimited period of time 4. It is the policy of the company to claim maximum CCA in all years. Print Done The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various dasses of assets owned by the company are as follows Class 1-Building (Round your answers to the nearest dollar.) There were no additions or dispositions in this class. As a consequence, the maximum 2021 CCA would be $(/). The January 1, 2022 UCC of class 1 would be s[] The building was acquired after March 18, 2007, so it would have been eligible for an enhanced CCA rate since it was not purchased new Class 3-Office Furniture and Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be s]The January 1 2022 UCC balance for class 8 would be the sale of the furniture and equipment would result in a taxable gain of s] Class 10-Vehicles (Round your answers to the nearest dollar) The maximum 2021 CCA would be s ] The January 1, 2022 UCC balance for class to would be 57 Class 12-Tools (Round your answers to the nearest dollar.) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 12 would be $ Class 13-Leasehold Improvements (Round your answers to the nearest dollar.) The maximum 2021 CCA would be s The January 1, 2022 UCC balance for class 13 would be Class 14Intangible Property (Round your answers to the nearest dollar) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 14 would be s The taxable capital gain on intangible property for 2021 is so Class 50-Computer Hardware (Round your answers to the nearest dollar.) The maximum 2021 CCA would be $ The January 1, 2022 UCC balance for class 50 would be $ Class 53-Manufacturing Equipment (Round your answers to the nearest dollar) The maximum 2021 CCA would be The January 1, 2022 UCC balance for class 53 would be s 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 The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various dasses of assets owned by the company are as follows X X UCC balances Purchases Class 1-Building (Note 1) $624,900 During the year ending December 31, 2021, the following Class 8-Office Furniture and purchases of depreciable property were made Equipment 155 400 Class 8Office Furniture and Class 10-Vehicles 117.800 Equipment $ 27,300 Class 13-Leasehold Class 10Vehicles (Note 2) 32.700 Improvements 62.250 Class 12-Tools (Note 3) 34.400 Class 14.1 Nil Class 13--Leasehold Class 53 - Manufacturing Improvements 45.300 Equipment 216.800 Note 1 The Class 1 building was acquired, used in Class 50Computer Hardware 28 300 2009 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 Next The fiscal year of the Appleton Manufacturing Company, a Canadian public company, ends on December 31. On January 1, 2021, the UCC balances for the various classes of assets owned by the company are as follows Dispositions Additional information During this same period, the following dispositions occurred. Class 8- Used office furniture and equipment was sold for cash proceeds in the amount of $34,800. The capital cost of property was 522 200 Class 10 A delivery truck with a capital cost of $23,200 was sold for 58,300 Class 53 Since the manufacturing operations will be done by subcontractors in the future, all of the manufacturing equipment was sold for $184,000. Its capital cost was 5751.900. 1. The company leases a building for 527,100 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 $78,200 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 $7.900. 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 foensee paid 586,500 for the right to manufacture this product for an unimited period of time 4. It is the policy of the company to claim maximum CCA in all years. Print Done