I need help with requirement number 4 thank you! The rest of the images just show my correct answers but for "Required 4" i got stuck.
Aequired information [The following information applies to the questions displayed below] Case A. Kapono Farms exchanged an old tractor for a newer medel. The old tractor had a book value of $13,000 (oeiginy cost of $30,000 less accumulated depreciation of $17,000 and a fair value of $9,200. Kapono paid $22,000 cash to complete the exchange. The exchange has commercial substance. Case B. Kapono Farms exchanged 100 acres of farmland for slmiar land. The farmiand given had a book value of $510.000 and a fair valie of $720.000. Kapone paid $52.000 cash to complete the exchange. The euchange has commercial substance. Required: 1. What is the amount of gain or loss that Kapone would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmiand given is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initisl value of the new land? 3. Assume the same facts as Requirement 1 and that the exchenge lacked commercial substance. What is the amount of gain of loss . that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the fammand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapone would recognize on the exehange? What is the initial value of the new land? Answer is not complete. Complete thls question by entering your answers in the tabs below. 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the farmiand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Answer is not complete. Complete this question by entering your answers in the tabs below. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Requifed; 1. What is the amount of goin or loss that Kapono would recognixe on the exchange? What is the initial value of the new lane? 2. Assume the fair value of the farmiand given is 5408,000 instead of $720.000. What is the amount of gain or loss that Kapono wauld recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Reguirement 1 and that the exchange lacleed commercial substance. What is the ameunt of cain of loss that Kapeno would recognize on the exchange? What is the inital value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the fatmland given is $408,000 instead of $720,000. What is the amoum of gain ar loss that Kapono would recognize on the axchanee? What is the initial value of the new land? 3 Answer is not complete. Comsiete this question by entering your anawers in the tabs below. Assume the falr value of the famiand given is $408,000 instead of $720,000. What is the amount of ealn or loss that kapono ecould recegnire on the exchange? What is the initial value of the new land? Required: 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono would recegnize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the now land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fait volue of the farmland given is $408,000 instead of $720,000. What is the amount of gain of loss that Kapono would recognize on the exchange? What is the initial value of the new land? (6) Answer is not complete. Complete this question by entering your answers in the tabs below. Assume the same facts as Recuirement I and that the exchange lacked commerclal substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono woukd recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as fequirement 1 and that the exchange lacked comenercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Aequirement 2 and that the exchange lacked commercial substance. Assume the fair vilue of the farmiand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognite on the exchange? What is the initial value of the new land? Q Answer is net consiete. Complete thie question by entering your anwwers in the tabs below. Assume the same facts as requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 1. What is the amount of gain or loss that Kapeno would recognize on the exchange? What is the initial value of the neww land? 2. Assume the fair value of the farmiand g iven is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono vould recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the few land? 4. Assume the same facts as Requirement 2 and that the exchange lached commercial substance. Assume the far value of the formiand given is $408.000 instead of $720.000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Complete this question by entering your answers in the tabs below. Assume the same facts as Requirement 2 and that the exchange lacked commerclal substance. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the ameunt of gain or less that Kapono would recognize on the exchange? What is the initial value of the new land? Aequired information [The following information applies to the questions displayed below] Case A. Kapono Farms exchanged an old tractor for a newer medel. The old tractor had a book value of $13,000 (oeiginy cost of $30,000 less accumulated depreciation of $17,000 and a fair value of $9,200. Kapono paid $22,000 cash to complete the exchange. The exchange has commercial substance. Case B. Kapono Farms exchanged 100 acres of farmland for slmiar land. The farmiand given had a book value of $510.000 and a fair valie of $720.000. Kapone paid $52.000 cash to complete the exchange. The euchange has commercial substance. Required: 1. What is the amount of gain or loss that Kapone would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmiand given is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initisl value of the new land? 3. Assume the same facts as Requirement 1 and that the exchenge lacked commercial substance. What is the amount of gain of loss . that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the fammand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapone would recognize on the exehange? What is the initial value of the new land? Answer is not complete. Complete thls question by entering your answers in the tabs below. 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the farmiand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Answer is not complete. Complete this question by entering your answers in the tabs below. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Requifed; 1. What is the amount of goin or loss that Kapono would recognixe on the exchange? What is the initial value of the new lane? 2. Assume the fair value of the farmiand given is 5408,000 instead of $720.000. What is the amount of gain or loss that Kapono wauld recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Reguirement 1 and that the exchange lacleed commercial substance. What is the ameunt of cain of loss that Kapeno would recognize on the exchange? What is the inital value of the new land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the fatmland given is $408,000 instead of $720,000. What is the amoum of gain ar loss that Kapono would recognize on the axchanee? What is the initial value of the new land? 3 Answer is not complete. Comsiete this question by entering your anawers in the tabs below. Assume the falr value of the famiand given is $408,000 instead of $720,000. What is the amount of ealn or loss that kapono ecould recegnire on the exchange? What is the initial value of the new land? Required: 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono would recegnize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the now land? 4. Assume the same facts as Requirement 2 and that the exchange lacked commercial substance. Assume the fait volue of the farmland given is $408,000 instead of $720,000. What is the amount of gain of loss that Kapono would recognize on the exchange? What is the initial value of the new land? (6) Answer is not complete. Complete this question by entering your answers in the tabs below. Assume the same facts as Recuirement I and that the exchange lacked commerclal substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 1. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 2. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono woukd recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as fequirement 1 and that the exchange lacked comenercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 4. Assume the same facts as Aequirement 2 and that the exchange lacked commercial substance. Assume the fair vilue of the farmiand given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognite on the exchange? What is the initial value of the new land? Q Answer is net consiete. Complete thie question by entering your anwwers in the tabs below. Assume the same facts as requirement 2 and that the exchange lacked commercial substance. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? 1. What is the amount of gain or loss that Kapeno would recognize on the exchange? What is the initial value of the neww land? 2. Assume the fair value of the farmiand g iven is $408,000 instead of $720.000. What is the amount of gain or loss that Kapono vould recognize on the exchange? What is the initial value of the new land? 3. Assume the same facts as Requirement 1 and that the exchange lacked commercial substance. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the few land? 4. Assume the same facts as Requirement 2 and that the exchange lached commercial substance. Assume the far value of the formiand given is $408.000 instead of $720.000. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new land? Complete this question by entering your answers in the tabs below. Assume the same facts as Requirement 2 and that the exchange lacked commerclal substance. Assume the fair value of the farmland given is $408,000 instead of $720,000. What is the ameunt of gain or less that Kapono would recognize on the exchange? What is the initial value of the new land
