Question: Alphonse purchases a store and a warehouse. The asking price includes $150,000 for the store, $50,000 for the warehouse, and $90,000 for the land. Alphonse

Alphonse purchases a store and a warehouse. The asking price includes $150,000 for the store, $50,000 for the warehouse, and $90,000 for the land.
Alphonse agrees to this price even though he does not want to buy the warehouse because it does not meet his needs. He sells the warehouse building for $15,000 but has to pay $10,000 to have the warehouse moved. What is Alphonse's basis in the land and store?

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