At the Start of Year 1, DEF Inc

question 143

Multiple Choice

At the start of Year 1, DEF Inc. has a UCC balance of $100. During Year 1, the company acquired assets in the amount of $50 and disposed of assets with an undepreciated value of $25 for $20. The pool qualifies as Class 8 assets (20% CCA) . The remaining balance in the asset pool at the end of Year 1 as a result of the above information would be:

• A) $100.
• B) $105.
• C) $95.
• D) $110.

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