Exercise five 8 short fiscal periods fielding inc is

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Exercise Five - 8 (Short Fiscal Periods)Fielding Inc. is incorporated on August 1, 2018. On September 15, 2018, the Company acquires $150,000 in Class10 assets. The Company has a December 31 year end and no other depreciable assets are acquired before December31, 2018. Determine the maximum CCA for the fiscal year ending December 31, 2018. Exercise Five - 12 (Capital Gains On Depreciable Assets)Barber Ltd. has a Class 10 balance of $423,000. During the current year, an asset which cost $42,000 is sold for$51,000. There are no other dispositions during the year and there are over 50 assets left in Class 10. What are thetax consequences of this disposition?
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