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Assume the following information for Giant Co. (assume the opening UCC balance and all transactions relate to a period of time subsequent to January 1,

Assume the following information for

Giant Co. (assume the opening UCC balance and all transactions relate to a period of time subsequent to January 1, 2017):

Beginning UCC balance: $48,000

Purchased goodwill during the year: $30,000

Sold various intangible properties included in Class 14.1 for $30,000

(assume original cost is

$60,000)

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

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