{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online