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A $$40,000$ asset was purchased and classified as a Class $10$ asset for CCA purposes. If the CCA rate is $30\%,$ calculate UCC for the end of year $1.$

Question $3$ options:

$$7,800$

$$10,200$

$$34,000$

$$6,000$

$$12,000$

Question $4(10$ points$)$

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ABC Corporation reported retained earnings of $$400$ on its year$-$end $2017$ statement of financial position. During $2018,$ the company reported a loss of $$40$ in the income statement, and it paid out a dividend of $$11.$ What will retained earnings be for ABC's $2018$ year$-$end statement of financial position?

Question $4$ options:

$$220$

$$349$

$$320$

$$380$

$$420$