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Explanation The minimum elected amount on the transfer is an amount equal to the UCC....

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Accounting

Explanation The minimum elected amount on the transfer is an amount equal to the UCC. However, the ACB of the building to the corporation remains the same value as it was when it was owned by D. While the technical rules here are complex, the ACB should not change on the transfer unless D realized income or got the benefit of losses on the transfer. No income or losses would have been realized if D elected at UCC, so the corporation essentially "inherits" the ACB that D had on the building. [($360,000 $300,000)/2] Solution The answer is 30,000.

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