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The following information relates to Whalley Ltd. for its taxation year that ends on December 31, 2020: 1. The Company has UCC balances on January 1, 2020 for its tangible assets as follows: Class 1 (A single building acquired in 2008) $478,695 Class 8 (20%) 243,000 Class 10 (30%) 126,000 Class 13 (Straight Line) 127,500 Class 53 63,000 2. During 2020, the building that was acquired in 2008 was sold for $650,000. Of this total, $125,000 represented the value of the land on which the building was situated. The building was purchased originally for $625,000, of which $80,000 represented the value of the land at time the building was acquired. The building was replaced during 2020 with a new building at a cost of $745,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1. The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Both use 6% for CCA. 3. During 2020, the Company purchased office furnishings for $74,000. They sold older furnishings and received proceeds of $17,000. The capital cost of the furnishings that were sold was $56,000. 4. The only vehicle purchased during 2020 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes. 5. Whalley conducts some of its business out of a building which it leases. The lease was signed on January 1, 2018 and had an initial term of 7 years. It has an option to renew for 3 years. At the time the lease was signed, Whalley spent $150,000 on leasehold improvements. 6. During 2016, Whalley acquired a limited life franchise for $62,000. It has a legally limited life of 8 years. 7. The capital cost of the assets in this Class was $84,000. As the Company has found its manufacturing operations to be unprofitable, all of these assets were sold during 2020. The proceeds totaled $51,000. None of the individual assets sold had proceeds that exceeded their individual capital cost. 8. Whalley Ltd. has deducted the maximum CCA in each year of operation. Required: Calculate the maximum CCA write-off that can be deducted for 2020. Your answer should include the maximum that can be deducted for each CCA class. In addition, indicate the amount of any recapture or terminal loss that results from dispositions during 2020

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