Problem:
Goodwill Ltd., with a taxation year that ends on December 31 and has a Class 8 UCC balance on January 1, 2023 of $475,000. During 2023, the company purchases a Class 8 property for $150,000that is eligible for the Accll. The Company also disposes of a Class 8 property for proceeds of $72,000 which is below the property's capital cost. T Required: Determine the maximum Class 8 CCA that Goodwill can claim for 2023 including the UCC balance as of January 1, 2024.