On January 1, 2021, Aston Inc. has a Class 8 UCC balance of $800,000. In 2021, an

Fantastic news! We've Found the answer you've been seeking!

Question:

On January 1, 2021, Aston Inc. has a Class 8 UCC balance of $800,000. In 2021, an additional Class 8 property is acquired for $175,000. There were no dispositions during the year. Determine the UCC balance on January 1, 2022.

a. 250,000

b. NIL

c. 105,000

d. 762,500

Related Book For answer-question

Cornerstones of Financial Accounting

ISBN: 978-1337690898

4th edition

Authors: Jay Rich, Jeff Jones

See More Books

Posted Date: Apr 15, 2022 12:37 AM

See More Questions

Lucy Nguyen's business has a Class 8 balance of $15,750. During the current year, an asset with a capital cost of $25,000 is sold for $20,000. There are no other dispositions during the year, and...
Moving to the next question prevents changes to this answer Question 1 Use the method of sections to calculate the magnitude of the forces in members FE, ED, CD, BE and AE of the plane trum shown in...
Question 1. This question is based on a journal article that appeared in the New England Journal of Medicine: Gawande AA et al., "Risk factors for retained instruments and sponges after surgery."...
Read the article Job Design, Job Characteristics, and Job Crafting and write a paper about it
Janice borrowed $100,000 from friends and family to start her company (a sole proprietorship). Business has been poor recently, and Janice has decided to cease operations and liquidate the firm. She...
Consider two identical 15-ft-wide rectangular channels each equipped with a 3-ft-high full-width weir, except that the weir is sharp-crested in one channel and broad-crested in the other. For a flow...
Air at standard temperature and pressure flows through a 1 -in.-diameter galvanized iron pipe with an average velocity of $8 \mathrm{ft} / \mathrm{s}$. What length of pipe produces a head loss...
Singapore Digital Components Company assembles circuit boards by using a manually operated machine to insert electronic components. The original cost of the machine is $60,000, the accumulated...
You have been hired as a new accountant for Bake-Me-Some-Bread, Inc. They have asked you to calculate the company's Manufacturing Overhead Rate. You are given the following data from the accounting...
Developed by Coca-Cola Asia Pacific, Coca-Cola Fiber+ (or just Coke Plus) is expanding through Hong Kong, Japan, Mainland China, Mongolia, and Taiwan. Coke Plus is a zero calorie soda (essentially...
Two forces F1 and F2 act on a 1.60 kg object. F = 40.0 N and F2 = 12.0 N. Find the acceleration of the object for the configuration of forces shown in the diagram below.
The two circuits in Figure Q22.12 use identical batteries and wires made of the same material and of equal diameters. Rank in order, from largest to smallest, the currents $I_{1}, I_{2}, I_{3}$,...
A flashlight bulb is connected to a battery and is glowing; the circuit is shown in Figure Q23.2. Is current $I_{2}$ greater than, less than, or equal to current $I_{1}$ ? Explain. 12 FIGURE Q23.2
The currents through several segments of a wire object are shown in Figure P22.12. What are the magnitudes and directions of the currents $I_{\mathrm{B}}$ and $I_{\mathrm{C}}$ in segments...
a. In Figure Q23.9, what fraction of current $I$ goes through the $3 \Omega$ resistor? b. If the $9 \Omega$ resistor is replaced with a larger resistor, will the fraction of current going...
The graph in Figure P22.66 shows the current through a $1.0 \Omega$ resistor as a function of time. a. How much charge flowed $I(\mathrm{~A})$ through the resistor during the $10 \mathrm{~s}$...
An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline would shift the supply curve Multiple Choice O down by $1.00. down by more than $1.00. up by $1.00. up by less than...
Select a mass spectrometric technique with the highest mass resolution for identifying an unknown compound being eluted from a liquid chromatography column
Jerrison Company operates a wholesale hardware business. The following balance sheet accounts and balances are available for Jerrison at December 31, 2019. Required: 1. Prepare a classified balance...
Describe the process that businesses follow to sell new issues of long-term debt.
On January 1, 2020, Peacock Products borrowed $447,000 by issuing 3-year, 8% bonds with a face amount of $400,000. Interest is payable annually on December 31. Required: Prepare an amortization table...
FIFO and average cost flow methods periodic and perpetual inventory systems Non-GST version Clean Air Ltd sells air purifiers. The table below summarises the inventory movements for the most popular...
Personal Tech Ltd records its inventory of fitness watches using the FIFO cost allocation for perpetual inventory. The following information summarises the inventory movements for their most popular...
Audio Attitude Ltd uses the perpetual inventory system to maintain its inventory records of Play it car stereos. The computerised accounting system identified the closing inventory value was $$245$...

On January 1, 2021, Aston Inc. has a Class 8 UCC balance of $800,000. In 2021, an

Question:

Expert Answer:

AS we Know that Ucc balance tor ony given year airen yeasr ... View the full answer

Cornerstones of Financial Accounting

Students also viewed these accounting questions