AP $5-2($CCA Calculations$)$

On January $1,2023,$ Carlson Manufacturing, a CCPC$,$ had the following UCC balances:

Class $53$ $$462,000$

Class $50$ $$82,000$

Class $10$ $$142,000$

Class $10\mathrm{.}1$ $$16,500$

Class $13$ $$102,000$

Class $8$ $$96,000$

Class $3$ $$326,000$

Other information related to the company's depreciable property is as follows:

$1.$ In $2023,$ the company purchased additional manufacturing and processing equipment at a capital cost of $$106,000.$

$2.$ In $2023,$ there were additions to class $50$ with a capital cost of $$15,600.$

$3.$ In $2023,$ three vehicles were acquired at a capital cost of $$22,000$ each. In addition, a delivery van with a capital cost of $$43,000$ was sold for $$21,000.$ None of the vehicles are zero$-$emission.

$4.$ The property in class $10\mathrm{.}1$ was a $$462,000$ Bentley used by the CEO. This vehicle was sold in $2023$ for $$283,000.$

$5.$ The January $1,2023,$ UCC balance in class $13$ reflected leasehold improvements that were made in $2021,$ the year in which the lease commenced. These improvements were made on a property leased as office space for the company's executives. The basic lease term is for eight years, with an option to renew for a period of two years. Additional improvements, costing $$52,000,$ were made in $2023.$

$6.$ In $2023,$ the company purchased class $8$ property at a capital cost of $$146,000.$ Class $8$ property with a capital cost of $$85,000$ was sold for proceeds of $$56,000.$ None of the class $8$ properties were sold for amounts greater than their capital cost.

$7.$ In $2023,$ one of the buildings in class $3$ burned to the ground. It had a capital cost of $$285,000.$ The insurance proceeds received totalled $$310,000.$

$8.$ In $2023,$ a new factory building was acquired at a capital cost of $$1,327,000.$ The estimated value of the land included in the purchase price is $$270,000.$ All of the floor space of the building will be used for manufacturing and processing activity. An election was made to include the building in a separate class.

Carlson Manufacturing always claims maximum CCA on each class of depreciable property.