kronin enterprises ltd is a public corporation operating a succe

For tax purposes, the building (class 1) has an undepreciated capital cost of $300,000, and the equipment (class 8) has an undepreciated capital cost of $350,000. With respect to the goodwill, the amount of cumulative eligible capital is $100,000.
KTL has offered to sell the assets to Kronin for the following values and payment terms:
Values:
Current assets
$ 100,000
Land
75,000
Building
550,000
Equipment
600,000
Goodwill
400,000

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