Lanice J. Corporation disposed of its building in Victoria, B.C. The facts relating to the disposition were
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Lanice J. Corporation disposed of its building in Victoria, B.C. The facts relating to the disposition were as follows:
REQUIRED
Compute the corporation’s taxable capital gain and recapture.
Transcribed Image Text:
Adjusted cost base UCC Proceeds Land $75,000 200,000 Building $280,000 190,000 420,000
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Related Book For
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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