At the Beginning of Year 1,XYZ Bought a Machine for $50,000.The

question 24

Multiple Choice

At the beginning of year 1,XYZ bought a machine for $50,000.The machine is in class 43 with a CCA rate of 30%.Assuming that the machine is the only asset in the class,what is the UCC (undepreciated capital cost) for the machine class after CCA is claimed at the end of year 2?

• A) $27,000
• B) $27,500
• C) $29,750
• D) $50,000

---

Definitions:

George H.W. Bush

George H.W. Bush was the 41st President of the United States, serving from 1989 to 1993, notable for his leadership during the Gulf War.

1989 and 1990

The years marking significant global political changes, including the end of the Cold War, fall of the Berlin Wall in 1989, and the reunification of Germany in 1990.

Money Laundering

The illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to be earned legitimately.

Manuel Noriega

A Panamanian military officer and politician who was the de facto ruler of Panama from 1983 to 1989 before being removed from power by an American military intervention.