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Daestion On April 1, 2019 Bine Company's truck storage shed is destroyed by a mudslide Blue had purchased the shed for $100,000 and had taken

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Daestion On April 1, 2019 Bine Company's truck storage shed is destroyed by a mudslide Blue had purchased the shed for $100,000 and had taken depreciation expense of $100,000 when it is destroyed. After it was destroyed, the company received $600,000 from the msurance company. In July 2020, the company bought a new sbed for $500,000 1. Calculate Blue's realized gain b. Calculate Blue's recognized gain. c. Calculate Blue's deferred gain, d Calculate Blue's basis in the new shed

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