If a business asset with a capital cost of $100,000 and a UCC of $80,000 is converted to personal use at a time when its fair market value is $150,000, which of the following statements is NOT correct?

Select one:

a. The deemed disposition will create recapture of $20,000.

b. The deemed disposition will create a taxable capital gain of $25,000.

c. The capital cost for future CCA purposes will be $125,000.

d. The capital cost for future capital gains purposes will be $150,000.