What does UCC stand for in accounting terms?

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1227290

2026-03-19 08:20

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Uniform Commercial Code

OR:

Undepreciated Capital Cost - Under Canada Revenue Agency code, when selling equipment in the last year of its use, only half of the remaining value of the piece of equipment is able to be accounted for when calculating depreciation (amortization.) The same rule applies during the year of purchase.

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