8. Use the following information to answer questions 8 and 9. On September 7, 2019, Jordan Bass purchased a going business for the lump-sum price of $380,000. The fair market values of the assets he purchased were as follows: Land, $50,000; Building, $150,000; Equipment, $25,000; Office Furniture, $12,000; Inventory, $30,000.

What is Jordan's basis in the building?

		a. $200,000
		b. $150,000
		c. $113,000
		d. $380,000

9. What is Jordans basis in Goodwill?

		a. $200,000
		b. $150,000
		c. $113,000
		d. $380,000