QUESTION $16$

At the beginning of $2023,$ Quest Inc. has two properties in Class $10$ that are used in its business. The capital cost of each is $$72,000$ and the Class $10$ opening UCC balance was $$56,472.$ On June $30,2023,$ both of the properties are sold for combined total of $$41,500.$ What are the $2023$ income tax consequences of the sale of the two Class $10$ properties? In addition, determine the Class $10$ UCC balance at January $1,2024.$

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