The Nelson Company has a taxation year end of December 31. On January 1 of the current year, the UCC of Class 8 was $80,000. The Nelson Company has a policy of always deducting maximum CCA. Each of the following questions deals with transactions during the current year which involved Class 8 assets. Choose the best answer for each question. An additional class 8 asset was purchased for $20,000 on April 1. Maximum CCA for Class 8 is:

Select one:

A. $72,000

B. $5,000 Recapture

C. $60,800

D. $10,000

E. $10,000 Taxable Capital Gain

F. $5,000 Terminal Loss

G. $52,000

H. $20,000

I. $98,000

J. $43,200

K. $67,000

L. $13,000

M. $4,000

N. $10,000 Recapture

O. $76,000

P. $91,000

Q. $10,800

R. $5,000 Taxable Capital Gain

S. $10,000 Terminal Loss

T. $5,000 Allowable Capital Loss

U. $32,000

V. $10,000 Allowable Capital Loss

W. $22,000

X. $25,000