On June 2 2021, a tornado destroyed the bulding in which FF operated a fast-food franchise. FF's adjusted basis in the buiding was $214.700. in each of the following cases. Required: 0. Determine FF's recognized gain or loss on this property disposition and FF's basis in the replacement building. Assume that FF would elect to defer gain recogntion when possible. On September 8,2021 , FF received a $250,000 rembursement from its insurance company, On August 10, 2022, it completed constructon of a replacement building for a total cost of $300.000 b. Determine FF's recognized gain or loss on this property dispostion and FFs basis in the replacement builcing. Assume that FF would elect to defer gain recognition when possible. On September 8,2021 . FF received a $250,000 reimbursement from its. insurance company. On August 10, 2022, it completed construction of a replacement bullding for a total cost of $235,000. c. Determine FF's recognized gain or loss on this property disposition and FF's basis in the replacement building. Assume that FF would elect to defer gain recognition when possible. On September 8, 2021. FF received a $200,000 reimbursement from its insurance company. On August 10, 2022, it completed construction of a replocement bullding for a total cost of $300,000 Complete this question by entering your answers in the tabs below. Determine FF's recognized qain or loss on this property disposition and FF's basis in the replacenent bullding. Assume that FF would ehect to defer gain recognition when possible. On September B, 2021, FF recelved a $250,000 reimbursement from its: insurance company, On August 10, 2022, it completed construction of a replacement bulling for a total cost of \$7i00,000. Complete this question by entering your answers in the tabs below. Determine FF's recognized gain or loss on this property dispotition and FF's basis in the replacement building. Assume that FF would elect to defer gain recognition when possible. On September 8,2021 , FF received a $250,000 reimbursement from its insurance company. On August 10,2022 , it completed construction of a replacement building for a total cost of $235,000. Complete this question by entering your answers in the tabs below. Determine FF's recognized g af or loss on this property disposition and FF's basis in the replacement building. Assume that FF would elect to defer gain recognition when possible. On September 8,2021 , FF recelved a $200,000 reimbursement from its insurance company. On August 10, 2022, it completed construction of a replacement building for a total cost of $300,000
