Question: Solve this please Question 15 (2 points) Jolinda Morris has a depreciable property with a capital cost of $225,000, a UCC of $175,000, and a

Solve this please

Question 15 (2 points) Jolinda Morris has a depreciable property with a capital cost of $225,000, a UCC of $175,000, and a fair market value of $240,000. Because of his exceptional performance during the last year, she gives this property to her common-law partner Biff. What is the minimum increase in Net Income For Tax Purposes that Ms. Morris will record as a result of this gift if she does elect out of ITA 73(1)? ONil $57.500 $7,500 $65.000 Previous Page Next Page Page 15 of 19

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