(3 marks) b. The management of Ben Quayson Ltd (Ben) has been running this business entity for some time now. At a seminar organised for some selected businesses at the Trade Fair-Accra last year, the management of De Don Limited (Don) and Christy Ltd (Christy) realised at the seminar that the three companies (Ben, Christy and Don) have a lot in common with the same market share. Consequently, the three companies commenced processes to merge as one strong entity. The three agreed a merger arrangement to benefit from the synergetic etforts and intend to name the new entity BCD Limited (BCD). Below Information relates to the Original Cost and Fair value of the capital assets of the three companies at the time of the merger Ben GH Original Cost of the Capital Assets Building Land Other Capital Asset Total Capital Assets Fair Market Value of the capital Asset Building Land 740,000 70,000 600.000 1,610,000 840,000 70.000 Christy GH 1,000,000 20,000 Dan GH 1.200.000 50.000 870,000 60.000 600,000 500.000 1620,000 1.430,000 870.000 60,000 Other Capital Asset Total Capital Assets 800,000 1.710,000 600,000 600,000 1,850,000 1,530,000 Managements of Ben, Christy and Don agreed on their last meeting before the merger to hold 15%, 20% and 65% in the underlying ownership in the assets of the BCD Company. They approached you, a tax expert to brief them on the tax implications with respect to above arrangements. Required: Write a Briefing note on the tax implication with respect to above arrangements (17 marks)