The following information relates to Parker Ltd. for its 2022 taxation year ending December 31 : 1. The Company has the following UCC balances on January 1, 2022: 2. In 2022 , the building was sold for $650,000 with $125,000 paid for the land and $500,000 for the building. The capital cost of the building was $545,000 and the cost and ACB of the land $80,000. The building was subsequently replaced in 2022 with a new building at a cost of $642,000 for the building and $125,000 for the land. The old building was used 100% for business office space and an election had been made to include the building in a separate Class 1 . The new replacement building is also used 100% for business office space and is elected to be included in a separate Class 1. 3. In 2022, the Company purchased office furnishings for $65,000. Older furnishings with a capital cost of $56,000 were traded in for the new furnishings. The Company received a trade in allowance of $18,500. 4. In 2022 the Company also purchased a Tesla (zero-emission) to be used by the president of the Company. The cost of the automobile was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment purposes. Any automobile benefit would be a taxable employee benefit. 5. Parker conducts some of its business out of a building which it leases. The lease was signed in early 2020 and had an initial lease term of 7 years. There is also one renewal option for 3 years. Parker spent $150,000 on leasehold improvements in 2020. 6. The Company purchased a limited life franchise for $78,000 August 1, 2018. At the time of purchase the remaining legal life was exactly 8 years. 7. Company policy is to claim the maximum annual CCA. Required: Calculate the 2022 maximum CCA for each class of property. In addition, identify any other income tax consequences that may have resulted from dispositions of depreciable property in 2022. Ignore the effect of the replacement property rules with respect to the building as these rules are only discussed beginning in Chapter 8