A Non-Spousal Trust Account Holds Two Buildings as Its Assets

A non-spousal 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 21^st 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 = $150,000 and B2 = $210,000
B) B1 = $85,000 and B2 = $145,000
C) B1 = $200,000 and B2 = $190,000
D) B1 = $200,000 and B2 = $210,000

Correct Answer:

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