need answers for all

1. Shontelle received a gift of income-producing property with an adjusted basis of 50,000 to the donor and fair market value of $40.000 on the date of gift Shortelle ubsequently sold the property for s55,000, wat . the recognized gain or loss? a. $o. b. $5, 000. (56, 000) d. ($5,000). e. None of the above. 2. On February 16, 2006, Irene bought a building tor $500,000. She sold it on March 1 2018 for $470,000. Total accumulated depreciation is $100,000. How much o the sale is subject to the 25% capital gain rate? f the gain on a. $100,000 b. $70,000. C. $400,000. d. $470,000. e. None of the above. 3 Kay inherits stock which had a basis to the decedent of $42,000 and a fair mazket value of $37,000 on August 4. 2018, the date of the decedent's death. Kay sells the stock on November 30, 2018, for $35, 700. What is hez zecognized gain or loss? a. ($6, 300). b ($10,300) c ($1, 300) d $700 e. None of the above. ch, Inc., owns a building which initially cost $500,000. After depreciation of $84,000 had been deducted, the building was ex a fair market value of $622,000. Peach was required to pay an additi cash. What is Peach's basis for the new building? changed for a new building which had $466,000. b. $500,000. c $622,000. d. $672,000. e. None of the above