Which of the following BEST describes the deemed disposition election as per ITA 111(4)(e)?

A.

This election allows the corporation to change its fiscal period and avoid the deemed year end that typically occurs on an acquisition of control.

B.

This election allows a corporation to trigger capital losses and terminal losses on depreciable or non-depreciable capital property, which can increase the loss carry forward balance that is available subsequent to an acquisition of control.

C.

This election allows non-depreciable and depreciable property to be written down to its fair market value, if that value is below the adjusted cost base or undepreciated capital cost (UCC) at the time of the acquisition of control.

D.

This election allows a corporation to trigger gains and recapture on depreciable or non-depreciable capital property, which can absorb some of the loss carry forwards that may become lost or unavailable due to an acquisition of control.