AP $5-5($CCA Calculations over Three Years$)$

Barry's Books is a business carried on by Barry Levin as a sole proprietor. The business sells historically important first$-$edition books. All sales are in Ontario. The fiscal period of the business began July $1,2021.$ Since individuals who carry on their own business must use a calendar$-$year fiscal period $($ITA $249\mathrm{.}1),$ the first year was a short fiscal period beginning July $1,2021,$ and ending December $31,2021.$

At the commencement of his business Barry purchased the following depreciable property:

A building with a capital cost of $$1,200,000,$ which included $$410,000$ for the land and $$790,000$ for the building. All the floor space of the building is used for the business. Barry's accountant filed a timely election to include the building in a separate class $1.$

Furniture and fixtures with a capital cost of $$170,000.$

A customized delivery truck at a capital cost of $$43,000.$ The truck is not a zero$-$emission vehicle.

Barry's business policy is to always claim maximum CCA. In $2022,$ the following transactions took place:

As the business enjoyed early success, on April $1$ Barry purchased a $$135,000$ BMW$.$ He had large logos of the business painted on both sides of the vehicle. He drove the BMW $100\%$ for business purposes.

He replaced the delivery truck purchased in $2021$ with a larger truck. The cost of the new truck was $$51,000$ and, against this price, he received a trade$-$in allowance of $$26,000.$ The new truck is not a zero$-$emission vehicle.

In mid$-2023,$ Barry won $$4$ million in the lottery. Given this he decided to close down his business and spend his time travelling the globe. By December $31,2023,$ all of the depreciable property had been sold and the business was formally closed. The proceeds were as follows:

Building The building was sold for $$1,350,000,$ which included $$940,000$ for the building and $$410,000$ for the land.

Furniture and Fixtures The furniture was sold for $$62,000.$

Delivery Vehicles The delivery vehicle was sold for $$39,000.$

BMW The BMW was sold for $$52,000.$

Required: Determine the maximum CCA that can be claimed in each of the $2021$ through $2023$ taxation years. In your calculations, include the UCC balances for January $1,2022,$ January $1,2023,$ and January $1,2024.$

In addition, indicate any income tax effects resulting from the $2022$ and $2023$ dispositions. Ignore GST$/$HST or PST considerations and the availability of immediate expensing.