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Required Information Problem 10-45 (LO 10-1) (Algo) [The following information applies to the questions displayed below.] Wanting to finalize a sale before year-end, on December
Required Information Problem 10-45 (LO 10-1) (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 Boba warehouse and the land for $210,000. The appraised fair market value of the warehouse was $100,500, and the appraised value of the land was $127,750. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-45 Part a (Algo) a. What is Bob's basis in the warehouse and in the land? Bob's Basis Warehouse Land Required Information Problem 10-45 (LO 10-1) (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 Boba warehouse and the land for $210,000. The appraised fair market value of the warehouse was $100,500, and the appraised value of the land was $127,750. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-45 Part b (Algo) b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $75,500, and the appraised value of the land was $210,000? Bob's Basis Warehouse Land Required Information Problem 10-45 (LO 10-1) (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 Boba warehouse and the land for $210,000. The appraised fair market value of the warehouse was $100,500, and the appraised value of the land was $127,750. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-45 Part c (Algo) c. Which appraisal would Bob likely prefer? Appraised value in part (a) O Appraised value in part (b)
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