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Houswirth Corporotion sold (or exchanged) a warehouse in yeer O. Hauswirth bought the warehouse several years ago for $72,500, and it hos claimed $24,800 of

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Houswirth Corporotion sold (or exchanged) a warehouse in yeer O. Hauswirth bought the warehouse several years ago for $72,500, and it hos claimed $24,800 of depreciation expense against the building. Required: a. Assuming that Houswirth receives $59700 in cash for the warehouse, compute the amount and character of Houswirth's recognized gain or loss on the sole b. Assuming that Houswirth exchanges the warehouse in o like-kind exchange for some lend with a fair market value of $59.700. compute Houswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land c. Assuming that Houswirth receives $26,500 in cosh in year 0 and a $57,000 note receivable that is payable in year 1 , compute the amount and character of Houswirth's goin or loss in year 0 and in year 1 . Complete this question by entering your answers in the tabs below. Assuming that Hauswirth recelves $26,500 in cash in year 0 and a $57,000 note receivable that is pasyable in year 1 , compute the amount and character of Hauswirth's gain or loss in year 0 and in yesr 1 . Note: Lots amounts should be indicated by a minus sign. Leave no answer btanke Enter zero if applicable, Round your final answers to the nearest whole dollar amount. the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicabie. Round your final answers to the nearest whole dollar amount

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