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Wanting to finalize a sale before year - end, on December 2 9 , WR Outfitters sold to Bob a warehouse and the land for
Wanting to finalize a sale before yearend, on December WR Outfitters sold to Bob a warehouse and the land for $
Note: 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 if the appraised value of the warehouse was $ and the appraised value of the land was $
b What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $ and the appraised value of the land was $
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