The following assets are to be transferred under section 85 for consideration including common shares plus "boot" as indicated below:

** Indefinite life
REQUIRED
(A) Compute the minimum possible elected amounts.
(B) Compute the effects on income.
(C) Indicate the maximum "boot" that should be taken to maximize the deferral of taxation.

Fair Market ACB Capital Cost UCC/CEC Boot Value ECE Land Marketable securities Building* Equipment Furniture and fixtures Licence** S 75,000 65.000 95,000 50,000 10,000 100,000 $60,000 55,000 5,000 65,000 15,000 82,500 -S50,000 60,000 $ 70,000 55,000 40,000 45,000 5,000 60,000 15,000 7,000