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Goldman acquired control of gentle ltd from an unrelated person on may 15, 2018. The following information relates to the inentory and capital assets owned

Goldman acquired control of gentle ltd from an unrelated person on may 15, 2018.

The following information relates to the inentory and capital assets owned by Gentle Ltd at that time.

cost FMV(fair market value)

Inventory 240,000 200,000

Land 400,000. 280,000

Building 200,000. 150,000

Marketable Securities 40,000 60,000

For its taxation year ended on may 14, 2018 how much capital loss is recognized by gentle ltd.

Calculation and explanation?

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