Business, 12.12.2019 23:31 kaylaelaine18
Wanting to finalize a sale before year-end, on december 29, wr outfitters sold to bob a warehouse and the land for $201,000. the appraised fair market value of the warehouse was $112,250, and the appraised value of the land was $141,750. (do not round intermediate calculations. round your answers to the nearest whole dollar amount.) a.) what is bob's basis in the warehouse and in the land? b.) what would be bob's basis in the warehouse and in the land if the appraised value of the warehouse is $92,250, and the appraised value of the land is $161,750?
Answers: 3
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Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
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Wanting to finalize a sale before year-end, on december 29, wr outfitters sold to bob a warehouse an...
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