nep SAVES c 5 15 points Skipped Hauswirth Corporation sold for exchanged) a warehouse in year . Hauswirth bought the warehouse several years ago for $77.500, and it has claimed $42.400 of depreciation expense against the building (Loss amounts should be indicated by a minus sign. Leave no answer blank.Enter zero if applicable. Round your final answers to the nearest whole dollar amount.) Required: a. Assuming that Hauswirth receives $46,400 in cash for the warehouse, compute the amount and character of Houswieth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $46,400. compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new tand c. Assuming that Hauswirth receives $27.000 in cash in year and a $75,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year and in year 1 Hook Complete this question by entering your answers in the tabs below. Rega Regb Reqc Assuming that Hauswirth receives $46,400 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Recognized Gain/(Loss) Character of Recognized Gain [Loss) Ordinary Gain/(Loss) $1231 gain (los) Regb> C 5 15 points Skipped Hauswirth Corporation sold for exchanged) a warehouse in year O Hauswirth bought the warehouse several years ago for $77,500, and it has claimed $42,400 of depreciation expense against the building (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount) Required: a. Assuming that Hauswirth receives $46,400 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a for market value of $46,400. compute Houswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives $27,000 in cash in year and a $75,000 note receivable that is payable in year 1. compute the amount and character of Hauswirth's gain or loss in year and in year 1. eBook Complete this question by entering your answers in the tabs below. Rega Reqb Reqc Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $46,400, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Gain realized Gain recognized Deferred gain Adjusted basis in new property Check 5 a. Assuming that Houswirth receives $46,400 in cash for the warehouse.compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $46.400. compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives $27,000 in cash in year and a $75,000 note receivable that is payable in year 1. compute the amount and character of Hauswirth's gain or loss in year and in year 1. 15 points Swed Complete this question by entering your answers in the tabs below. ello Rega Regt Req Aasuming that Hauswirth receives $27,000 in cash in year and a $75,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year and in year 1. Amount Character Description Sales price Original Basis Accumulated Depreciation Adjusted Basis Gain (LOS) Realized Depreciation Recapture Gain Eligible for installment Reporting Gross Profit Percentage $1231 gain recognized in year o $1231 gain recognized in year 1 %
