CA Schedule (Alternative to Schedule 8) Note 1: Recon's assets include: During the year, Recon decided it would most cost effective to rent delivery vans as necessary than own the vehicles. Proceeds of $123,500 were received on the sale of the vans. New equipment and furniture was purchased for $50.500 \begin{tabular}{|l|l|l|l|} \hline(+) Additions & & \\ \hline() Disposals & & \\ \hline Net additions - disposals & & \\ \hline() Half Year Rule or (+) Accll Adjustment & & \\ \hline(=) UCC before CCA & & \\ \hline Recapture & & \\ \hline Terminal loss & & \\ \hline Max CCA permitted & & \\ \hline() CCA Deduction & \\ \hline \begin{tabular}{l} (+) Half Year Rule or () Accll \\ Adjustment \end{tabular} & \\ \hline(=) UCC Beginning next fiscal period \\ \hline \end{tabular} The income statement that has been prepared by Recon Ltd.'s accountant for the current year ending July 30 is as follows: or you may use the horizontal (schedule 8) format: Note 2: Recon carries a life insurance policy on the major shareholder to ensure the company can survive until personnel can be replaced or redeployed in the event of his death. Note 3: Meals and Entertainment expense included $5,000 to sponsor local children's sports teams. The remainder was spent while entertaining clients. Note 4: $23,000 was spent to replace leaking windows. The balance was spent to install a sky light above the employee breakroom. Note 5: Recon sold shares for proceeds of $22,000. The shares had an original cost of $13,500. Note 6: Recon has $4,800 (from 1997) in their net capital loss pool, and a $12,700 (from 2007) balance in their non-capital loss carryover pool. REQUIRED: Ignore the temporary provision allowing immediate expensing of assets on pages 276 to 278 of your textbook. Assignment 1 Capital Cost Allowance Schedule (CCA): Using an Excel workbook, prepare the CCA schedule in good form for Recon Ltd. You may use the vertical format as in the textbook: CCA Schedule (Alternative to Schedule 8)