Problem $1$

The followingt annets are to te transferred whet nection Bo for conntaleration including common

mhares ghus boot an indleated below

Oroby anset in cilan

$$ Irederinite arm.

For each of the assets transferred:

A$.$ Assess whether they qualify for transfer under section $85.$

B$.$ Determine the minumum possible elected amounts.

C$.$ Compute the efrects on income.

D$.$ Indicate the maximum non$-$share consideration $($boot$)$ that can be taken and not create ary

incoome:

E$.$ Determine what would happen if the non$-$share consideration on the land was $$170,000$ and on

the equiprment was $$45,000.$

Use the following format:

Consideration