If a company disposes of the last asset in a class and still has a balance in its UCC pool, in:

Question

Quizplus · Accepted Answer

When a company disposes of the last asset in a class and still has a balance in its Undepreciated Capital Cost (UCC) pool, it results in a terminal loss. This loss reflects the remaining balance that cannot be recovered through capital cost allowance (CCA) because there are no assets left in the class to depreciate.

If a Company Disposes of the Last Asset in a Class