What would be the amount of the losses that could be carried

Reference no: EM133449151

Question: Lossco has a net capital loss carry forward of $40,000 and a non-capital loss carry forward of $50,000. The fair market value of its only depreciable property is $20,000 less than the undepreciated capital cost (UCC) of the property. If the shares of Lossco were purchased by an unrelated Canadian corporation, what would be the amount of the losses that could be carried forward in Lossco after the purchase?

Reference no: EM133449151

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