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Andrew paid $750,000 for an office building and had taken $300,000 in depreciation. The building had a fair market value of $900,000 when it was

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Andrew paid $750,000 for an office building and had taken $300,000 in depreciation. The building had a fair market value of $900,000 when it was seized by the city under the right of eminent domain. Andrew received $900,000 from the city in December of 2023 and promptly reinvests it in another office building with a cost of $850,000 in January of 2024 . Required: a. What is Andrew's realized gain from the above transactions? b. What is Andrew's recognized gain from the above transactions? c. What is Andrew's basis for the new office building

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