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QUESTION 1 Drew purchased a business from Andrea for $1,000,000. Andrea's records and an appraiser provided her with the following information regarding the stets purchased

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QUESTION 1 Drew purchased a business from Andrea for $1,000,000. Andrea's records and an appraiser provided her with the following information regarding the stets purchased Adjusted Basis FMV Land $195,000 $270,000 Building 310,000 450,000 Equipment 95,000 180,000 What is Drew's adjusted basis for the land, building, and equipment? a. Land $270,000, building $450,000, equipment $180,000 Ob Land 5195,000, building $575,000, equipment $230,000 Oc Land 5195,000, building $310,000, equipment 595,000 Od. Land S270,000, building 5521.429, equipment S208,571. Oe. None of the above QUESTION 1 Drew purchased a business from Andrea for $1,000,000. Andrea's records and an appraiser provided her with the following information regarding the stets purchased Adjusted Basis FMV Land $195,000 $270,000 Building 310,000 450,000 Equipment 95,000 180,000 What is Drew's adjusted basis for the land, building, and equipment? a. Land $270,000, building $450,000, equipment $180,000 Ob Land 5195,000, building $575,000, equipment $230,000 Oc Land 5195,000, building $310,000, equipment 595,000 Od. Land S270,000, building 5521.429, equipment S208,571. Oe. None of the above

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