At the beginning of 2020, Marquee Inc. has two assets in Class 10. The balance in this class is $7,423. The cost of each asset in the class was $7,500. On June 30, 2020, one of the assets is sold for $7,950. There are no other additions or dispositions prior to the Company's December 31, 2020 year end. What is the effect of the disposition on the Company's 2020 net business income? In addition, determine the January 1, 2021 UCC balance.

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The Answer of At the beginning of 2020, Marquee Inc. has two assets in Class 10. The balance in this class is $7,423. The cost of each asset in the class was $7,500. On June 30, 2020, one of the assets is sold for $7,950. There are no other additions or dispositions prior to the Company's December 31, 2020 year end. What is the effect of the disposition on the Company's 2020 net business income? In addition, determine the January 1, 2021 UCC balance.

At the Beginning of 2020, Marquee Inc