The acquisition cost of the assets in a class, minus the CCA claimed to date for that class, is referred to as the UCC of a particular class.

Question

Quizplus · Accepted Answer

This is correct. The Undepreciated Capital Cost (UCC) of an asset is its cost minus the cumulative amount of capital cost allowance (CCA) claimed to date. For a class of assets, the UCC is the total cost of all assets in that class, minus the total CCA claimed for that class.

The Acquisition Cost of the Assets in a Class, Minus