Answer the following question:

Eligible property includes all property except for CCA classes 1 to 6 , 14.1, 17, 47, 49, and 51 (those definitely cannot be immediately expensed). Not immediately expense Class 12 and Class 53 because they're at a 100% anyway.

Immediate Expensed Items: Everything except manufacturing building and customer lists. Total is 198500.

Manufacturing building	Class 1 - MB (10%)
Manufacturing equipment	Class 53 (50%)
Tools (each costing under $500)	Class 12 (100%)
Dies and moulds	Class 12 (100%)
Computer equipment and systems software	Class 50 (55%)
Office furnishing	Class 8 (20%)
Customer lists	Class 14.1 (5%)
Delivery van	Class 10 (30%)
Design Software	Class 12 (100%)
Chairs and tables	Class 8 (20%)
Automobile	Class 10.1 (30%)
Liscense to manufacture	Class 14
Made improvements to the office	Class 13

Additions	Class 1 10%	Class 10.1 30%	Class 12 100%	Class 14.1 5%	Class 53 100%
Manufacturing building
Manufacturing equipment
Tools
Dies and Moulds
Customer lists
Design Software

Why do we only include Class 1, 10%, Class 10.1 30%, Class 12 100%, Class 14.1 5%, and Class 53 100% in the chart and not the others? Explain very clearly.

The automobile under Class 10.1 30% is -23684. Show how this was calculated clearly.

Problem 8 On May 1, 2023, Jennifer Lobo incorporated Lobo Enterprises Inc. (LEI)) as a CCPC with a December 31 year end. The corporation purchased the licence to manufacture the boardgame and app version of the latest gameshow, "Tax is a Microcosm of Life". LEI acquired the following assets: ITA: 13(1),13(2), 20(1)(a), 20(16.1); ITR 1100(1),1100(2.5),1100 (3), 1101(5p),1103(2h), 7307 (1)(b); Sch. II, III You have been asked to prepare a schedule to show the maximum capital cost allowance for the fiscal years ended December 31, 2023 and December 31, 2024, ignoring HST considerations. For file documentation, where choices are available, state the reasons for your decision. Ignore the effects, if any, of a leap year