Which of the following statements are true for the Adjusted Cost Base (ACB) 1. a lower ACB results in higher capital gain and lower tax liability 2. Adjusted cost base starts with actual cost and can be modified I 3. A capital gain or loss can be derived without the ACB 4. Only 50% of the ACB is taxed A B ii i and iv C) i and ii D) iii

Which of the following statements are true for the Adjusted Cost Base (ACB) 1. a lower ACB results in higher capital gain and lower tax liability 2. Adjusted cost base starts with actual cost and can be modified 3. A capital gain or loss can be derived without the ACB 4. Only 50% of the ACB is taxed ii i and iv i and