Question $22(6$ points$)$

Can$-$Site Ltd$.,$ has the following information with respect to its depreciable property on January $1,2023$:

Property Class:

UCC:

Capital Cost:

Class $8-20\%$

$$60,000$

$$120,000$

During the $2023$ taxation year, the following trans$$ctions occur:

Class $8-20\%$ : June $15-$ Furniture with a capital cost of $$40,000$ was sold for $$30,000.$

June $25-$ New ergonomic desks with a cost of $$80,000$ were purchased.

Note: Assume that any depreciable property purchases meet the conditions to qualify for the Accll.

Required $($show all calculations$)$:

For the $2023$ taxation year calculate the maximum CCA that can be claimed by Can$-$Site for

class $8.$

In addition, calculate the January $1,2024,$ UCC balance for class $8.$