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$ 6 5 , 0 0 0 ) and an automobile ( fair market value of $ 5 , 0 0 0 ) . In
$ and an automobile fair market value of $ In addition, there is an outstanding mortgage of $taken out years ago on the building, which White Corporation assumes. With respect to this transaction:a Marys recognized gain is $b Marys recognized gain is $c Mary has no recognized gain.d White Corporations basis in the building is $
$ and an automobile fair market value of $ In addition, there is an outstanding mortgage of $taken out years ago on the building, which White Corporation assumes. With respect to this transaction:a Marys recognized gain is $b Marys recognized gain is $c Mary has no recognized gain.d White Corporations basis in the building is $
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