Solution-What is the UCC of this class at the end

What is the UCC of this class at the end

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Reference no: EM133058507

Question - Green Gardens Inc. purchased a piece of Class 8 machinery in 20x0. The cost of the machine was $5,000. In 20x2, the machine was sold for proceeds of $2,000 and there were no other purchases or disposals during the year. The UCC in the Class 8 pool was $5,500 at the beginning of 20x2. What is the UCC of this class at the end of 20x2? (Assume 20x2 is 2019.)

A. $700

B. $3,500

C. $2,800

D. $4,800

E. none of the above

Reference no: EM133058507

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What is the UCC of this class at the end

Reference no: EM133058507

Reference no: EM133058507

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