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i Saved Help Save & Exit Required information Problem 02-45 (LO 02-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize

i Saved Help Save & Exit Required information Problem 02-45 (LO 02-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $200,000. The appraised fair market value of the warehouse was $77,250, and the appraised value of the land was $156,000. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 02-45 Part a (Algo) a. What is Bob's basis in the warehouse and in the land? Warehouse Land Bob's Basis Required information Saved Help Save & Exit Problem 02-45 (LO 02-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $200,000. The appraised fair market value of the warehouse was $77,250, and the appraised value of the land was $156,000. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 02-45 Part b (Algo) b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $52,250, and the appraised value of the land was $200,000? Warehouse Land Bob's Basis 2

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