1- LAST YEAR, Karen sold her Stamp Collection (LPP) for $5,000. She purchased the Ring in 1995 for $500.

The buyer only paid 80% of the total proceeds last year. The balance of the proceeds was paid this year. Assume that Karen minimized her capital gains on this transaction last year.

This Year's Taxable Capital Gain for this transaction is??

2-

Voluntary Disposal	Proceeds	Cost	UCC	Replacement Cost, purchased in the same year.
Building	$200,000	$100,000	$70,000	$200,000
Land	$100,000	$50,000	-	$90,000
Equipment Class 8	$40,000	$30,000	$10,000	$5,000

This year, Gary, gave you the above Asset transactions from the sale of his business:

Applying Defer Capital Gains Section 44, Please calculate only, Gary's minimum Combined "Capital Gains" on the Building and Land this year,?