What is undepreciated capital cost
- Thread starter alexie
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Rick_Grimes
Member
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.
jainnorton
Member
The remaining value of the original cost of a depreciating asset less the Capital Cost Allowance (CCA) claimed has been deducted in previous years is known as the Undepreciated Capital Cost (UCC). It is the value that can be claimed as the CCA in future in Canada in terms of taxation.
The value of an asset or an asset category that is left after deduction of depreciation is known as its Undepreciated Capital Cost (UCC). It is the balance which can still be depreciated in the succeeding years and is applied mostly in calculating the Capital Cost Allowance (CCA) in such countries like Canada in reporting tax.
Undepreciated Capital Cost (UCC) refers to the capital cost of an asset remaining after considering all historical deductions of depreciation (capital cost allowance) at a present time. UCC is used for tax accounting purposes so that you can determine the remaining allowance (deduction) on depreciable assets such as buildings, machinery, or equipment.
Shane Warne
Member
Undepreciated Capital Cost (UCC) is the remaining value of an asset or pool of assets for tax purposes after accounting for depreciation claimed in previous years. It’s important in accounting because it determines future depreciation (Capital Cost Allowance) deductions, reducing taxable income over time.
nikhilrajoria
Member
In accounting/tax, UCC refers to the balance of the value of an asset after depreciation has been taken off of it. UCC is used to compute future depreciation.