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At the beginning of 2019, Wazza Inc., has two assets in class 8. The cost of each asset was $54,000 and the class 8 UCC
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At the beginning of 2019, Wazza Inc., has two assets in class 8. The cost of each asset was $54,000 and the class 8 UCC balance was $50,000. On July 30, 2019, both of the assets were sold for a total of $30,000. There are no other additions or dispositions prior to the companys December 31, 2019 year-end.
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What is the effect of the disposition on the companys 2019 net business income?
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What is the companys January 1, 2020 UCC balance in Class 8?
At the beginning of 2019, Wazza Inc., has two assets in class 8. The cost of each asset was $54,000 and the class 8 UCC balance was $50,000. On July 30, 2019, both of the assets were sold for a total of $30,000. There are no other additions or dispositions prior to the companys December 31, 2019 year-end.
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What is the effect of the disposition on the companys 2019 net business income?
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What is the companys January 1, 2020 UCC balance in Class 8?
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