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Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6) (Static) Hauswirth Corporation sold (or exchanged) a warehouse in year

image text in transcribedimage text in transcribedimage text in transcribed Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6) (Static) Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for \\( \\$ 65,000 \\), and it has claimed \\( \\$ 23,000 \\) of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.) Required: a. Assuming that Hauswirth receives \\( \\$ 50,000 \\) in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of \\( \\$ 50,000 \\), compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives \\( \\$ 20,000 \\) in cash in year 0 and a \\( \\$ 50,000 \\) note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives \\( \\$ 50,000 \\) in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of \\( \\$ 50,000 \\), compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Assuming that Hauswirth receives \\( \\$ 20,000 \\) in cash in year 0 and a \\( \\$ 50,000 \\) note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. (Round \"Gross Profit Percentage\" to 2 decimal places.) Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6) (Static) Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for \\( \\$ 65,000 \\), and it has claimed \\( \\$ 23,000 \\) of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.) Required: a. Assuming that Hauswirth receives \\( \\$ 50,000 \\) in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of \\( \\$ 50,000 \\), compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives \\( \\$ 20,000 \\) in cash in year 0 and a \\( \\$ 50,000 \\) note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives \\( \\$ 50,000 \\) in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of \\( \\$ 50,000 \\), compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Assuming that Hauswirth receives \\( \\$ 20,000 \\) in cash in year 0 and a \\( \\$ 50,000 \\) note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. (Round \"Gross Profit Percentage\" to 2 decimal places.)

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