Amazine Inc. purchased Class 8 furniture for $4,000 in 2018. In 2020, this furniture was sold for proceeds of $1,000. The UCC balance in Class 8 was $10,300 at the beginning of 2020 and no Class 8 assets were purchased during the year. What is the UCC of this class at the end of 2020?

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The Answer of Amazine Inc. purchased Class 8 furniture for $4,000 in 2018. In 2020, this furniture was sold for proceeds of $1,000. The UCC balance in Class 8 was $10,300 at the beginning of 2020 and no Class 8 assets were purchased during the year. What is the UCC of this class at the end of 2020?