Question: Discussion Question 1-49 (Algorithmic) (LO. 7) Mia owns a warehouse that has a cost basis of $156,400. The city condemns the warehouse to make room

Discussion Question 1-49 (Algorithmic) (LO. 7) Mia owns a warehouse that

Discussion Question 1-49 (Algorithmic) (LO. 7) Mia owns a warehouse that has a cost basis of $156,400. The city condemns the warehouse to make room for a new fire station. It pays Mia $782,000 for the property, its agreed to fair market value. Shortly after the condemnation, Mia purchases another warehouse as a replacement. If amount is zero, enter "0". a. What is her recognized gain if the new property cost is $547,400? b. What is her recognized gain if the new property cost is $860,200? c. What is her recognized gain if the new property cost is $156,400

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