What does the UCC represent?
A)The amount of depreciation that should be expensed in the income statement.
B)The residual amount that should be depreciated over future years.
C)The salvage value of the asset.
D)The capital expenditure value that is reported on the cash flow statement.

Question

Quizplus · Accepted Answer

The UCC or Undepreciated Capital Cost represents the remaining balance of an asset's depreciable cost. It is the amount that still needs to be depreciated over future years.

What Does the UCC Represent