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Figure 1.2
Using the figure above, identify the labeled part.
-Label I: ______________________________
Undepreciated Capital Cost (UCC)
The amount remaining to be claimed as Capital Cost Allowance over time for an asset class.
Class
A category or grouping used to organize items, objects, or concepts based on shared characteristics or attributes.
Declining-Balance Depreciation
A method of depreciation that results in larger depreciation expenses during the earlier years of an asset's life and smaller charges in the later years.
Straight-Line Depreciation
A method of computing depreciation for accounting purposes where an asset's cost is reduced uniformly over its useful life.
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