Mr. Jones will be buying a partnership interest from Mr. Axel, who is a one-third partner in JKL Partnership, for $95,000. Mr. Axel's adjusted cost base (ACB) of his partnership interest is $55,000. The ACB of the other partners in the partnership are $50,000 and $70,000. Mr. Jones ACB of his newly acquired partnership interest in JKL Partnership is

A.

$95,000.

B.

$60,000.

C.

$55,000.

D.

$120,000.