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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
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 $127,000. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Problem 02-45 Part b (Algo) o. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $95,750, and the appraised value of the land was $127,000 ? Answer is complete but not entirely correct
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