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Everything currently filled in is correct! Just need help with the lower half from (and including) depreciation recapture and down. Thann you so much! Hauswirth

Everything currently filled in is correct! Just need help with the lower half from (and including) depreciation recapture and down. Thann you so much! image text in transcribed
image text in transcribed
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 bulding Note: 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 sate. 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 recelvable that is payable in year 1, compute the amount and character of Hauswitth's gain or loss in year 0 and in year 1 . Answer is not complete. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth recelves $20,000 in cash in year 0 and a $50,000 note recelvable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1 . Note: Round "Gross Pront Percentage" to 2 decimal places

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