Find what is acb of delta partnership interest at january

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Problem 1: Delta is a member of a partnership with a December 31 year-end. Delta's share of the 2017 partnership allocations was as follows: business loss of $25,000, and charitable donations of $1,000. Delta took draws totalling $10,000 from the partnership during 2017. Delta's adjusted cost base (ACB) at January 1, 2017 was $59,000. What is the ACB of Delta's partnership interest at January 1, 2018?

Option a. $33,000

Option b. $24,000

Option c. $25,000

Option d. $23,000

Reference no: EM132612701

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