Tiffany and Carlos decided to liquidate their jointly owned corporation, Royal Oak Furniture $($ROF$).$ After liquidating its remaining inventory and paying off its remaining liabilities, ROF had the following tax accounting balance sheet:

$16\mathrm{.}7$

points

$\backslash$table$[[,$FMV$,\backslash$table$[[$Adjusted$],[$Tax Basis$]],\backslash$table$[[$Appreciation$],[($Depreciation$)]]],[$Cash$,$$$316,000,$$$316,000,],[$Building$,63,000,13,500,49,500],[$Land$,253,000,307,500,(54,500)$