At the beginning of $2023,$ Marquee Inc. has two properties in Class $10.$ that are used in its business The opening UCC balance in this class is $$7,423.$ The capital cost of each of the two properties is $$7,500.$ On June $30,2023,$ one of the properties is sold for $$7,950.$ There are no other additions or dispositions to Class $10$ for the taxation year ending December $31,2023.$ What are the income tax consequences of the Class $10$ property disposition for $2023?$ In addition, calculate the UCC balance as of January $1,2024.$

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Question $18$ options: