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Zhang incorporated Her soul proprietorship by transfer an inventory of building and land to the corporation and return for 100% of the corporation stock, the

Zhang incorporated Her soul proprietorship by transfer an inventory of building and land to the corporation and return for 100% of the corporation stock, the property transferred to the corporation had the following fair market values and adjusted basis. inventory 48000 24000 building 360000 240000 land 552000 720000 960000. 984000 The corporation also has a similar mortgage of 100000 attached to the building and land. the fair Market value of the corporation stock received in the exchange was 860000. What is the corporations adjusted basis in each of the assets received in the exchange?

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