Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $113,500, and it has claimed $33,800 of depreciation expense against the building

Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for $113,500, and it has claimed $33,800 of depreciation expense against the building. 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 $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for $113,500, and it has claimed $33,800 of depreciation expense against the building. 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 $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1 . Complete this question by entering your answers in the tabs below. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute th amount and character of Hauswirth's gain or loss in year 0 and in year 1 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for $113,500, and it has claimed $33,800 of depreciation expense against the building. 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 $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Hauswirth Corporation sold (or exchanged) a warehouse in year 0 . Hauswirth bought the warehouse several years ago for $113,500, and it has claimed $33,800 of depreciation expense against the building. 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 $88,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1 . Complete this question by entering your answers in the tabs below. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $88,500, 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 $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute th amount and character of Hauswirth's gain or loss in year 0 and in year 1 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assuming that Hauswirth receives $37,500 in cash in year 0 and a $83,500 note receivable that is payable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1