Question: Enercise 5 - 2 4 ( LO . 1 9 ) Jok on onnolbuter a nondepreciable asset bo the Mahall LLC in exchange for a

Enercise 5-24(LO.19)
Jok on onnolbuter a nondepreciable asset bo the Mahall LLC in exchange for a efe-fourth (2916) inbernt in the LiCs captal and profts and a 3016 interest in the LLCs lonses. The arset has an adjushed tax barin tas Jokan and the LCC of s60,000 and a fair marlert value and 5704(b) "book" bask on the conorbution dabe of $150,000. The anset is encumbertd by a nonrevivise note af patpoce that has not beet guaranteed by any of the LLC members.
Hew much of the nomrecourse debt is allocated to Jolan!
What ia the amount of Jokan's hasis in the LLC iverest following the oontrbubion?
4
Enercise 5 - 2 4 ( LO . 1 9 ) Jok on onnolbuter a

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