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BIG Copurchased a Piece of Class 8 Machinery in June of of 2018.The

Question 3

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BIG Co.purchased a piece of Class 8 machinery in June of 2018.The cost of the machine was $5,000.In 2020 the machine was sold for proceeds of $2,000 and there were no other purchases or disposals during the year.The UCC in the Class 8 pool was $5,500 at the beginning of 2020.What is the UCC of this class at the end of 2020?


A) $700
B) $2,800
C) $3,500
D) $4,800

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