As per Canada Revenue Agency (CRA) undepreciated capital cost (UCC)
Generally, UCC is equal to the total capital cost of all the properties of the class minus the capital cost allowance you claimed in previous years. If you sell depreciable property in a year, you also have to subtract from the UCC one of the following 2 amounts, whichever is less:
- the proceeds of disposition of the property (either actual or deemed) minus the outlays and expenses incurred to sell it
- the capital cost of the property
For more information please see this CRA link: Depreciable property
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