Exerclse $14-18($Algorlthmic$)($LO$.1)$

Melba purchases land from Adrian. Melba gives Adrian $$335,400$ in cash and agrees to pay Adrian an additional $$503,100$ one year later plus interest at $6\mathrm{.}5\%.$

a$.$ What is Melba's adjusted basis for the land at the acquisition date?

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b$.$ What is Melba's adjusted basis for the land one year later?