A Trust Account Holds Two Buildings as Its Assets

question 2

Multiple Choice

A trust account holds two buildings as its assets. Building 1 originally cost $150,000 and Building 2 originally cost $210,000. It is now the 21st anniversary of the trust, and the assets have not been transferred to the beneficiary. The undepreciated capital cost of
Building 1 is $85,000 and its market value is $200,000. The undepreciated capital cost of Building 2 is $145,000 and its market value is $190,000. Which costs will be the deemed acquisition values of the buildings for the trust?

• A)B1 = $200,000; B2 = $210,000
• B)B1 = $85,000; B2 = $145,000
• C)B1 = $200,000; B2 = $190,000
• D)B1 = $150,000; B2 = $210,000

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African Continent

The world's second-largest and second-most-populous continent, known for its diverse cultures, languages, and ecosystems.

Christian

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