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What is the adjusted cost base of Julian units on December

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Question - On January 1, 2019, Julian acquires 12,000 units of the RV Income Trust at a cost of $720,000. During 2019, the trust makes a distribution of $5.00 per unit. Of this total $1.50 is a return of capital while the remaining $3.50 is property income. Julian reinvests the total distribution in RV units at a cost of $55 per unit. What is the adjusted cost base of Julian's units on December 31, 2019?

a) $58.21 per unit.

b) $53.62 per unit.

c) $59.58 per unit.

d) $60.00 per unit.

Reference no: EM132772913

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