Trish Potter Is a 40% Partner in the Rose Garden

question 7

Multiple Choice

Trish Potter is a 40% partner in The Rose Garden.The ACB of Trish's partnership interest at the beginning of 2020 was $50,000.During 2020, the partnership earned business income of $200,000 and a taxable capital gain of $12,000.Trish withdrew $10,000 from the partnership for personal expenses during the year.What is the ACB of Trish's partnership interest at the beginning of 2021?

• A)$124,800
• B)$129,600
• C)$252,000
• D)$264,000

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