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Quan Edson has the followingassets: Land with ACB of $50,000 Building with a cost of $110,000, and UCC of $84,000. Quan sells both of land

Quan Edson has the followingassets:

Land with ACB of $50,000

Building with a cost of $110,000, and UCC of $84,000.

Quan sells both of land and building in a single transaction for $201,000. The estimated FMV of eachwas:

Land: $134,000

Building: $67,000

How much capital gain and terminal loss will Quan realize on thistransaction?

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