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Which of the following assets cannot be transferred using a Section 85 election? Land and building that are used to hold the business' head offices
Which of the following assets cannot be transferred using a Section 85 election?
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| Land and building that are used to hold the business' head offices |
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| A supply of wrenches which are held as inventory |
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| Land that was bought as inventory for the business to resell for profit |
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| Equipment |
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