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Prepare a memo to Mr. Jenson to advise him which assets should and should not be transferred using Section 85 and why. Indicate the appropriate alternative treatment for each of these assets.

Topic: Case Study Assignment

Order type: Case Study

 

Required:
1.
Read through the case study details above and determine which assets should be transferred using Section 85.

2.
Prepare a memo to Mr. Jenson to advise him which assets should and should not be
transferred using Section 85 and why. Indicate the appropriate alternative treatment for
each of these assets.
3.
Use an

Excel spreadsheet to calculate the goodwill for the business and any additional
calculations necessary to complete the T2057.
4.
Access the version of the T2057 provided with FITAC
which can be filled in

use the jump key and “form T2057”, select the English version and click on the Word document
which can be filled in

). Use this document to prepare the Section 85 rollover
for Mr. Jenson and TGS Ltd.

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

 

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