Cragins manufacturing facility had an adjusted basis of $7,600,000 $2,000,000 for the land and $5,600,000 for the building when destroyed by fire It received $7,000,000 from its insurance company to ...

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Cragins manufacturing facility had an adjusted basis of $7,600,000 $2,000,000 for the land and $5,600,000 for the building when destroyed by fire It received $7,000,000 from its insurance company to replace the building, and it sold the land for $2,800,000 How much must Cragin invest in a new facil...

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Cragins manufacturing facility had an adjusted basis of $7,600,000: $2,000,000 for the land and $5,600,000 for the

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Taxation For Decision Makers 2008