{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T13:05:39-04:00", "answer_date": "2024-05-26 13:05:39", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1740684", "url": "\/study-help\/questions\/9-jason-owns-a-toy-factory-with-an-adjusted-basis-1740684", "question_creation_date_js": "2024-05-26T13:05:39-04:00", "question_creation_date": "May 26, 2024 01:05 PM", "meta_title": "[Solved] 9. Jason owns a toy factory with an adjus | SolutionInn", "meta_description": "Answer of - 9. Jason owns a toy factory with an adjusted basis of $300,000. In 2018, his factory is destroyed by a fire. Jason rec | SolutionInn", "meta_keywords": "9,jason,owns,toy,factory,adjusted,basis,$300,000,2018,destroyed,fire,receives", "question_title_h1": " 9. Jason owns a toy factory with an adjusted basis of $300,000. In 2018, his factory is destroyed by a fire. Jason receives $350,000", "question_title": " 9. Jason owns a toy factory with an adjusted basis of", "question_title_for_js_snippet": "9 Jason owns a toy factory with an adjusted basis of $300,000 In 2018, his factory is destroyed by a fire Jason receives $350,000 in insurance proceeds Jason uses $320,000 of those proceeds to purchase a new toy factory If Jason makes a valid Section 1033 election, how much gain will he have to recognize Note Enter a whole number only Do not enter a $ sign or a comma No answer", "question_description": "\"image", "transcribed_text": "9. Jason owns a toy factory with an adjusted basis of $300,000. In 2018, his factory is destroyed by a fire. Jason receives $350,000 in insurance proceeds. Jason uses $320,000 of those proceeds to purchase a new toy factory. If Jason makes a valid Section 1033 election, how much gain will he have to recognize? Note: Enter a whole number only. Do not enter a $ sign or a comma. No answer", "related_book": { "title": "Fundamental financial accounting concepts", "isbn": "978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365", "edition": "8th edition", "authors": "Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/264.jpg", "uri": "\/textbooks\/fundamental-financial-accounting-concepts-8th-edition-264", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CGKRT3NV", "uri": "\/textbooks\/accounting-ledger-logbook-1st-edition-b0cgkrt3nv-112716", "name": "Accounting Ledger Logbook", "edition": "1st Edition" }, "question_posted": "2024-05-26 13:05:39", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-steel-spur-pinion-has-16-teeth-cut-on-the", "description": "A steel spur pinion has 16 teeth cut on the 20 full-depth system with a module of 8 mm and a face width of 90 mm. The pinion rotates at 150 rev\/min and transmits 6 kW to the mating steel gear. 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