Calculate the ending ucc balance for forbi ltd

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Reference no: EM132551899

Question 1: Forbi Ltd., with a taxation year that ends on December 31, has a Class 8 (20 percent) UCC balance on January 1, 2019 of $360,070. During 2019, it acquires eligible AccII Class 8 assets at a total cost of $69,356. The Company also disposes of Class 8 assets for total proceeds of $22,449. In no case did the proceeds of disposition exceed the capital cost of the assets being disposed of. Calculate the ending UCC balance in Class 8 for Forbi Ltd. in 2019.

Reference no: EM132551899

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