What is undepreciated capital cost

[alexie]

Could someone please explain what undepreciated capital cost (UCC) means? I’m trying to understand how it works and its significance in accounting

 

[Rick_Grimes]

Undepreciated capital cost (UCC) is the remaining tax value of an asset after you’ve claimed depreciation. It’s the balance you use to calculate future depreciation or capital cost allowance for tax purposes.