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Architect wants to purchase a home in the Wellington Community, so he agrees to provide his architectural services to Builder in exchange for a $250,000
Architect wants to purchase a home in the Wellington Community, so he agrees to provide his architectural services to Builder in exchange for a $250,000 home in the community. Normally, Architect charges between $300,000 to $400,000 for his services. In fact, the month before he charged $350,000 to another builder for the same services. What is Architect's basis in his new home, if anything? Question 4 options: a) $0 b) $250,000 c) $300,000 d) $350,000
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