During the current year, Robert Langois disposes of several…
During the current year, Robert Langois disposes of several properties. The POD and the ACB of these properties are as follows: Adjusted Proceeds Of Cost Base (ACB) Disposition (POD) Collector Car $45,000 $61,000 Marble Sculpture 800 13,000 Antique Furniture 21,000 12,000 Stamp Collection 50,500 26,000 What are the income tax consequences of the dispositions?