Required:

1. For each capital asset, calculate taxable amount for the deceased final return.
2. What is the ACB to the beneficiary?

Mike died on September 14, 2020. At the date of his death, he had the following capital assets, which were left to the beneficiaries indicated. ACB/Capital Fair market Asset UCC Cost value Beneficiary Shares in publicly traded $10,000 n/a $100,000 Spouse company Car $40,000 $40,000 $10,000 Spouse Rental building $45,000 $15,000 $150,000 Daughter Required: 57 1. For each capital asset, calculate taxable amount for the deceased final return. 2. Also, what is the ACB to the beneficiary. Mike died on September 14, 2020. At the date of his death, he had the following capital assets, which were left to the beneficiaries indicated. ACB/Capital Fair market Asset UCC Cost value Beneficiary Shares in publicly traded $10,000 n/a $100,000 Spouse company Car $40,000 $40,000 $10,000 Spouse Rental building $45,000 $15,000 $150,000 Daughter Required: 57 1. For each capital asset, calculate taxable amount for the deceased final return. 2. Also, what is the ACB to the beneficiary