Question: Here's the question. Question 6 (1 point) Dirk has decided to transfer his equipment to a new corporation using Section 35. The equipment has a

Here's the question.

Question 6 (1 point) Dirk has decided to transfer his equipment to a new corporation using Section 35. The equipment has a cost basis of $1,000. a UCC balance of $800, and a fair market value of $1,500. If Dirk wants to eliminate tax, what should he choose as his elected amount
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