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Evans County gave Sunchaser Consulting Corporation a cornfield in the middle of nowhere to incentivize the company to relocate to the area in 2018. The

Evans County gave Sunchaser Consulting Corporation a cornfield in the middle of nowhere to incentivize the company to relocate to the area in 2018. The cornfield was worth $273,000 at the time of the transfer, and the city had an adjusted basis of $230,000. 


What is the corporation's basis in the cornfield?  

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