Liz Bley died on September 23, 2017. At the time of her death, she owned the assets listed in the table below Cost S 20,000 $170,000 S 36,000 Value $ 35,000 $360,000 S 58,000 Rental property - Land Building Antigue Furniture Capital cost allowance was claimed on the building, during the period that Liz owned the property. The undepreciated capital cost is $114,000 According to the instructions in Liz's last will and testament, the rental property was to be transferred to her two children and the antique furniture to her spouse. Required: . Determine to what extent, if any, Liz's net income for tax purposes for 2017 will be affected by her death 2. What are the tax implications to the husband and children if they sell the property immediately after they receive ownership? Liz Bley died on September 23, 2017. At the time of her death, she owned the assets listed in the table below Cost S 20,000 $170,000 S 36,000 Value $ 35,000 $360,000 S 58,000 Rental property - Land Building Antigue Furniture Capital cost allowance was claimed on the building, during the period that Liz owned the property. The undepreciated capital cost is $114,000 According to the instructions in Liz's last will and testament, the rental property was to be transferred to her two children and the antique furniture to her spouse. Required: . Determine to what extent, if any, Liz's net income for tax purposes for 2017 will be affected by her death 2. What are the tax implications to the husband and children if they sell the property immediately after they receive ownership