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?

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The Answer of 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?