Jane passes away in 2019 and leaves the following assets to herSpouseandson,

Fred who is 25years old:

Jane's Legal and Final Will directed the Assets asfollows:

To theSpouse

To theSon

RentalProperty

Toronto,Ont.

in

Building Cost

$100,000

Building Proceeds Fair Market Value

$50,000

Building UCC

$30,000

Land FMV

$50,000

Land Cost

$10,000

PublicCompany

Shares

AAA

FMV

$30,000

Cost

$10,000

PublicCompany

Shares

BBB

FMV

$40,000

Cost

$10,000

Required:

Please calculate theopeningUCC (if applicable) forthe Son on hisinherited

Building?