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Chapter 10 Problems 2 Part 1 of 3 Required Information [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 $131,000. The appraised fair market value of the warehouse was $111,750, and the appraised value of the land was $136,500. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) 1.16 points look a. What is Bob's basis in the warehouse and in the land? Print Warehouse Land Bob's Basis 72,030 $ 58,970 GO 4 of 12 Prev Next >