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The following information relates to Nearsited Services Company's depreciable assets for the current year: Class 1 On June 1, 2017, the Company acquired a new

The following information relates to Nearsited Services Company's depreciable assets for the current year: Class 1 On June 1, 2017, the Company acquired a new residential complex building as an investment at a cost of $1,200,000. Of this total, an amount of $300,000 represents the value of the land. The building consists of multiple units that will be leased for residential purposes to the public. The building is allocated to a separate Class 1. Class 3 The Company owns a few office buildings. The January 1, 2017 balance in this Class was $1,756,000. During 2017, one of the buildings in this class was sold for proceeds of $375,000. The building had a capital cost of $425,000. Class 10 The January 1, 2017 balance in this Class was $746,000. During 2017, the Company acquired Class 10 assets for a total cost of $163,000. Also, one of the several Class 10 assets was sold during the year for proceeds of $75,000. It had a cost of $70,000. Class 13 The January 1, 2017 balance in this Class was $240,500 reflecting improvements that were made in 2015, the year in which the lease commenced. The property leased consists of office space for the Company's executives. The basic lease term is for 15 years, with two successive options to renew for a period of 5 years each. Additional improvements costing $95,000 were made on October 1, 2017. Class 50 The January 1, 2017 balance in this Class was $54,000. During 2017, the last asset in Class 50 was sold for proceeds of $15,000. That asset had a capital cost of $75,000. No further assets were acquired before the end of the year, and no other assets of this class was owned by the Company at the end of the year. Required: Calculate the maximum CCA that can be taken by the Company on each class of assets for the year ending December 31, 2017 as well as the UCC on January 1, 2018. In addition, determine the amount of any capital gain, CCA recapture, or terminal loss that arises. Assume the Company always takes maximum CCA on each class of depreciable assets. Ignore GST/HST/PST considerations. Explain your answer, including detailed calculations.

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