Assume the following information for Easy Co.(assume the opening UCC balance and all transactions relate to a period of time subsequent to January1, 2017):

Beginning UCCbalance: $56,000

Purchased goodwill during theyear: $38,000

Sold various intangible properties included in Class 14.1 for $34,000

(assume original cost is $70,000)

What is the UCC balance at the end of theyear, assuming the maximum CCA deduction was taken in theyear?

Choose the correct answer.

A.

$3,000

B.

$57,000

C.

$18,000

D.

60,000