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Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $126,000. The appraised fair
Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $126,000. The appraised fair market value of the warehouse was $138,750, and the appraised value of the land was $163,500. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-45 Part-b b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $113,750, and the appraised value of the land was $126,000? Bob's Basis Warehouse Land
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