Question 9 (1 point) In 2018, Mr Peter sold a class 8 (20%) asset for $60000, which was used to earn business income. The original cost of the asset was $55000. The UCC balance prior to asset sale was $35000. What would be the UCC balance at the end of 2018? -$20000 $20000 $0 $35000 Question 10 (1 point) A taxpayer, who is reporting losses, would prefer disposition to be treated as capital in nature as compared to income in nature. True False