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On January 1, 2019, John Traverse acquires 12,000 units of the RV Income Trust at a cost of $720,000. During 2019, the trust makes a

On January 1, 2019, John Traverse acquires 12,000 units of the RV Income Trust at a cost of $720,000. During 2019, the trust makes a distribution of $5.00 per unit. Of this total $1.50 is a return of capital while the remaining $3.50 is property income. John reinvests the total distribution in RV units at a cost of $55 per unit. What is the adjusted cost base of Johns units on December 31, 2019?

$59.58 per unit.

$60.00 per unit.

$53.62 per unit.

$58.21 per unit.

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