Question
On January 1, 2021, Aston Inc. has a Class 8 UCC balance of $800,000. In 2021, an additional Class 8 property is acquired for $175,000.
On January 1, 2021, Aston Inc. has a Class 8 UCC balance of $800,000. In 2021, an additional Class 8 property is acquired for $175,000. There were no dispositions during the year. Determine the UCC balance on January 1, 2022.
a. 250,000
b. NIL
c. 105,000
d. 762,500
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
