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Required information [The following information applies to the questions displayed below. Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to

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Required information [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 $183,000. The appraised fair market value of the warehouse was $96.750, and the appraised value of the land was $160,500. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) a. What is Bob's basis in the warehouse and in the land? Bob's Basis $ 257,250 Warehouse Land Required information [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 $183,000. The appraised fair market value of the warehouse was $96,750, and the appraised value of the land was $160,500. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $71,750, and the appraised value of the land was $183,000? Bob's Basis ces Warehouse Land Required information [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 $183,000. The appraised fair market value of the warehouse was $96,750, and the appraised value of the land was $160,500. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) c. Which appraisal would Bob likely prefer? O Appraised value in part (a) O Appraised value in part (b)

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