A shareholder owns a building with an original cost of $100,000, an undepreciated capital cost of $90,000, and a fair market value of $150,000. The shareholder wishes to transfer the building to the corporation and avoid tax on the transfer. How can this be done? Multiple Choice O Sell the building to an arm's length price Sell the building to the corporation for $100,000 It cannot be done. You must transfer the building at fair market value File a tax election electing a transfer price of $90,000

A sharehoider owns a bulding with an onginal cost of $100,000, an undepreciated capital cost of $90,000 and a fair market value of $150.000. The shareholder wishes to transfer the builising to the corporation and avoid tax on the transfer. How can this be done? Musiplo Choce Seli the buiding to an arris lengen price Snit the bullong to the corporation for $100000