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Homework answers / question archive / At the beginning of 2020, Rodlin Inc

At the beginning of 2020, Rodlin Inc


At the beginning of 2020, Rodlin Inc. has two assets in Class 8. The cost of each asset was $980 and the Class 8 UCC balance on January 1, 2020 was $250. On July 31, 2020, one of the assets was sold for $360. There are no other additions or dispositions prior to the Company's December 31, 2020 year end. 

What is the amount of the increase in the Company's net business income as a result of this disposition? Enter as a positive number. 


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