Which of the Following Statements Is NOT Correct with Respect

Which of the following statements is NOT correct with respect to the asset bump up available in some ITA 87 amalgamations and wind-up transactions under ITA 88(1) ?

A) The bump up is available in a vertical amalgamation when the parent company owns 100 percent of the subsidiary and in a wind up when the parent company owns 90 percent or more of the subsidiary.
B) The bump up is only available in a wind up when the parent company owns 100 percent of the subsidiary.
C) In a wind up, the bump up is only available on non-depreciable assets of the subsidiary.
D) In a vertical amalgamation, the bump up is only available on the non-depreciable assets of the subsidiary.