mc_q_10 - building, in November 2005, was $200,000 and the...

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MULTIPLE CHOICE QUESTIONS Q10. Adam Ltd. had a non-capital loss that was to expire on October 31, 2010. Therefore, Adam Ltd. sold an office building to Robin Ltd., a wholly owned subsidiary, on October 1, 2010 on a non-rollover basis. The purchase price of the
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Unformatted text preview: building, in November 2005, was $200,000 and the fair market value on October 1, 2010 was $225,000. No CCA had been claimed by Adam Ltd. How much CCA can Robin Ltd. claim in its year ending October 31, 2010? (a) $8,500 (b) $4,500 (c) $9,000 (d) $4,250...
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This note was uploaded on 02/05/2011 for the course ACTG 4720 taught by Professor Gaildrory during the Winter '11 term at York University.

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