If a Company Disposes of the Last Asset in a Class

question 170

Multiple Choice

If a company disposes of the last asset in a class and still has a balance in its UCC pool, in:

• A) a terminal loss.
• B) an impairment loss allocated to other asset classes.
• C) recaptured CCA.
• D) a credit to the revaluation surplus account.

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Definitions:

Assignment Operator

The operator (=) used to assign a value to a variable in programming.

Garbage Value

An undefined or meaningless value that a variable can have, due to uninitialized memory or memory leaks.

Postfix Increment

An operator used to increase the value of a variable by one, but the evaluation takes place after the current statement's value is accessed.

++ Operator

A unary operator in programming that increments the value of its operand by one.