Green Gardens Inc. purchased a piece of Class 8 machinery in 20X0. The cost of the machine was $5,000. In 20X2, the machine was sold for proceeds of $2,000 and there were no other purchases or disposals during the year. The UCC in the Class 8 pool was $5,500 at the beginning of 20X2. What is the UCC of this class at the end of 20X2?
A) $4,800
B) $2,800
C) $3,500
D) $700
Correct Answer:
Verified
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