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Which of the following scenarios would be appropriate for a section 85 rollover? Multiple Choice A corporation wishes to convert land owned by the company

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Which of the following scenarios would be appropriate for a section 85 rollover? Multiple Choice A corporation wishes to convert land owned by the company into a parking lot. A taxpayer wishes to transfer property worth $200,000, with an ACB of $90,000, to their corp A shareholder of a corporation wishes to transfer their vehicle to his corporation. The vehicle o value of $12,000 A corporation is selling its equipment to another corporation and does not wish to own shares in A corporation wishes to convert land owned by the company into a parking lot. A taxpayer wishes to transfer property worth $200,000, with an ACB of $90,000, to their corporation A shareholder of a corporation wishes to transfer their vehicle to his corporation. The vehicle originally cost $20.000 and has a market value of $12,000 A corporation is selling its equipment to another corporation and does not wish to own shares in the other corporition

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