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QUESTION 19 Vicky is planning her wedding in 2020. in December 2019, she decides to sell 1,000 shares of her Coke Cola stock. She will

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QUESTION 19 Vicky is planning her wedding in 2020. in December 2019, she decides to sell 1,000 shares of her Coke Cola stock. She will use the proceeds to pay for the wedding. She receives sales proceeds of $45,000. Her basis in the stock is $50,000. Two weeks later Vicky hears a rumor that Pepsi is going out of business. She decides to repurchase the 1,000 shares of Coke at $47 a share. What is her new basis in the Coke? QUESTION 22 Mary purchased on office property in March 2019. She paid $15,550,000 and incurred closing costs of $50,000. She made a $1,000,000 down payment and financed the rest of the purchase with a non-recourse loan. The municipality accessed the land and building at $3,000,000 and $12,000,000, respectively. What is deprecation expense in the year the property was placed in service (initial Year 2019? QUESTION 19 Vicky is planning her wedding in 2020. in December 2019, she decides to sell 1,000 shares of her Coke Cola stock. She will use the proceeds to pay for the wedding. She receives sales proceeds of $45,000. Her basis in the stock is $50,000. Two weeks later Vicky hears a rumor that Pepsi is going out of business. She decides to repurchase the 1,000 shares of Coke at $47 a share. What is her new basis in the Coke? QUESTION 22 Mary purchased on office property in March 2019. She paid $15,550,000 and incurred closing costs of $50,000. She made a $1,000,000 down payment and financed the rest of the purchase with a non-recourse loan. The municipality accessed the land and building at $3,000,000 and $12,000,000, respectively. What is deprecation expense in the year the property was placed in service (initial Year 2019

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