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On November 12, 2020, Hubert Robbins sells 100 shares of Loser Inc. for $120 per share. He had purchased these shares several years ago at
On November 12, 2020, Hubert Robbins sells 100 shares of Loser Inc. for $120 per share. He had purchased these shares several years ago at $220 per share. On November 18, 2020, he acquires 80 shares of Loser Inc. for $100 per share. On December 22, 2020, he acquires 50 shares of Loser Inc. at $80 per share. What is the adjusted cost base of the 130 shares that he holds after the December 22, 2020 purchase? Question 15 options: 0 $12.000. $22.000 $14.000. $20.000 During 2020, a depreciable capital asset with a capital cost of $100,000 and a January 1 UCC balance of $79,400, is sold for $103,000. In the accounting records, the asset had a net book value of $83,400. What are the tax consequences of this sale? Question 10 options: A capital gain of $1,500. A capital gain of $3,000 and business income of $20.600. Business income of $23.600. A capital gain of $23,600
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