Current Attempt in Progress The following is a schedule of property dispositions for Sheffield Corp.: SCHEDULE OF PROPERTY DISPOSITIONS Accumulated Cost Depreciation Cash Proceeds Fair Market Value Nature of Disposition Land $41,000 $32,000 $32,000 Expropriation Building 15,400 3,700 Demolition Warehouse 72,000 $16,000 76,000 76,000 Destruction by fire Machine 8,000 2,900 900 7,400 Trade-in Furniture 10,500 8,100 3,200 Contribution Vehicle 9,500 .560 3,050 3,050 Sale The following additional information is available: Land On February 15, land that was being held mainly as an investment was expropriated by the city. On March 31, another parcel of unimproved land to be held as an investment was purchased at a cost of $36,000. Building On April 2, land and a building were purchased at a total cost of $77,000, of which 20% was allocated to the building on the corporate books. The real estate was acquired with the intention of demolishing the building, which was done in November. Cash proceeds that