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On January 16 th of the current year, F Inc. acquired 75% of the shares of G Inc. from an arms length person. At that

On January 16th of the current year, F Inc. acquired 75% of the shares of G Inc. from an arms length person. At that time, G Inc. owned Class 8 assets (Value $60,000; Cost $80,000; UCC $76,000). What is the amount of the reduction required to the UCC?

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