CC Balances Class 8 Class 10 Class 12 Class 13 Class 14.1 $ 163,100 112,500 41,800 179,700 132,370 - . X On January 1, 2022, Kingston Ltd. has the following UCC balances. View the UCC balances. Print Depreciable property information For the 2022 taxation year ending December 31, Kingston Ltd. has determined that its net income, before any deduction for CCA, amounts to $43,100. As the company does not have any taxable income deductions, taxable income, before any deduction for CCA, would also be $43,100. Part 1 of 3 Requirement A. Calculate the maximum CCA claim by Kingston Ltd. for the 2022 taxation year. (Round your answer to the nearest whole dollar.) What is the maximum CCA claim? Other information related to the company's depreciable property is as follows. 1. All of the Class 12 property was purchased in 2021. 2. The leasehold improvements were made in September 2020 at a capital loss of $239,900 3. In 2021, the capital cost of additions to Class 10 was $51,500, while the proceeds from dispositions in this class totalled $29,400. In no case did the POD exceed the capital cost of the properties sold, and there was still property in the class as of December 31, 2022. 4. There were no 2022 additions or dispositions to classes 8, 12, 13, or 14.1. 5. The company has always deducted the maximum amount of CCA. - Done O Points: 0 of 1 X Required A. Calculate the maximum CCA claim by Kingston Ltd. for the 2022 taxation year. B. As Kingston's tax advisor, indicate how much CCA you would advise them to claim for the 2022 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words, the goal is simply to reduce taxable income, and therefore taxes payable, to nil. Print Done 1 X eck

UCC Balatinces CC Balances Din January 1, 2022, Kroston Lit has the following UCC balanos. What is the muinum cCA carns? Depreciable property information Required Depreciable property information Other information related to the company's depreciable property is as follows. 1. All of the Class 12 property was purchased in 2021. 2. The leasehold improvements were made in September 2020 at a capital loss of $239,900. 3. In 2021 , the capital cost of additions to Class 10 was $51,500, while the proceeds from dispositions in this class totalled $29,400. In no case did the POD exceed the capital cost of the properties sold, and there was still property in the class as of December 31, 2022. 4. There were no 2022 additions or dispositions to classes 8,12,13, or 14.1 . 5. The company has always deducted the maximum amount of CCA. A. Calculate the maximum CCA claim by Kingston Ltd. for the 2022 taxation year. B. As Kingston's tax advisor, indicate how much CCA you would advise them to claim for the 2022 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words, the goal is simply to reduce taxable income, and therefore taxes payable, to nil. On January 1, 2022, Kingston Ltd has the following UCC balances. For the 2022 taxation year ending December 31, Kingston Lid. has determined that its net income, before any deduction for CCA, amounts to $43,100. As the company does not have any taxable income deductions, taxable income, before any deduction for CCA, would also be $43,100 Requirement A. Calculate the maximum CCA claim by Kingston Lid, for the 2022 taxation yoar, (Round your answer to the nearest whole dollar) What is the maximum CCA claim? UCC Balatinces CC Balances Din January 1, 2022, Kroston Lit has the following UCC balanos. What is the muinum cCA carns? Depreciable property information Required Depreciable property information Other information related to the company's depreciable property is as follows. 1. All of the Class 12 property was purchased in 2021. 2. The leasehold improvements were made in September 2020 at a capital loss of $239,900. 3. In 2021 , the capital cost of additions to Class 10 was $51,500, while the proceeds from dispositions in this class totalled $29,400. In no case did the POD exceed the capital cost of the properties sold, and there was still property in the class as of December 31, 2022. 4. There were no 2022 additions or dispositions to classes 8,12,13, or 14.1 . 5. The company has always deducted the maximum amount of CCA. A. Calculate the maximum CCA claim by Kingston Ltd. for the 2022 taxation year. B. As Kingston's tax advisor, indicate how much CCA you would advise them to claim for the 2022 taxation year and the specific classes from which it should be claimed. Provide a brief explanation of the reason for your recommendation. In providing this advice, ignore the possibility that losses can be carried either back or forward. In other words, the goal is simply to reduce taxable income, and therefore taxes payable, to nil. On January 1, 2022, Kingston Ltd has the following UCC balances. For the 2022 taxation year ending December 31, Kingston Lid. has determined that its net income, before any deduction for CCA, amounts to $43,100. As the company does not have any taxable income deductions, taxable income, before any deduction for CCA, would also be $43,100 Requirement A. Calculate the maximum CCA claim by Kingston Lid, for the 2022 taxation yoar, (Round your answer to the nearest whole dollar) What is the maximum CCA claim