Consider a situation in which, during their lifetime, an individual transfers ownership of a building to their spouse. If the building is the only asset within the property class, and if the taxpayer makes no election on return of income, the spouse will assume an adjusted cost base in the property equal to ________ of the property. Question content area bottom Part 1 A. the original cost B. the fair market value C. the adjusted cost base of the transferor plus any capital gain recognized D. the Undepreciated Capital Cost (UCC)