can anyone help me with these tax accounting questions?

20. When a new corporation is created from the old subsidiary under provisions of 338, the new corporation may a. adopt any tax year that suits its purposes, limited only by the consolidated b. disregard anti-churning rules and use MACRS depreciation for all of the c. not have available any net operating loss carryovers of the old subsidiary. return rules. purchased property do all of the above. d. 19. L Corporation's only assets are land and building. Their combined original cost is $1 million, basis is $600,000, and current fair market value is $1.2 million. L elected the straight-line method of depreciation. L distributes the land and building to its sole shareholder in complete liquidation. The amount of income that L must report is a. $O b. $80,000 c. $400,000 d. $600,000