Question: PLEASE answer the question correctly(it is the 3rd time I am posting) and thank you very much!! Required a Required b Required c Assuming that
PLEASE answer the question correctly(it is the 3rd time I am posting) and thank you very much!!
Required a Required b Required c Assuming that Hauswirth receives $55,700 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Recognized Gain or (Loss) $ 17,400 Character of Recognized Gain or (Loss): Ordinary Gain or (Loss) $ 17,400 $1231 gain or (loss) 0Required 3 Required l3 Required c Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $55,700, compute Hauswirth's realized gain or loss, recognized gain or less, deferred gain or less, and basis in the new land. Gain realized Gain re cegnized Deferred gain Adjusted basis in new.r property Required a Required b Required 5 Assuming that Hauswirth receives $34,000 in cash in year 0 and a $96,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Sales price - Original Basis Accumulated Depreciation Adjusted Basie Gain (Lose) Realized Depreciation Recapture Gain Eligible for Installment Reporting Gross Prot Percentage 1231 gain recognized in year i] 1231 gain recognized in year 1 Comprehensive Problem 11-69 (LO11-1, LO 11-2, LO 11-3, LO11-4, LO11-5, LO11-6) (Algal Hauswirth Corporation sold {or exchanged} a warehouse in year 0. Hauswirth bought the warehouse several years ago for $79500. and it has claimed $41200 of depreciation expense againstthe building. Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero ifapplicable. Round your final answers to the nearest whole dollar amount. Required: a. Assuming that Hauswirth receives 3355.700 in cash for the warehouse. compute the amount and character of Hauswirth's recognized gain or loss on the sale. in. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange'for some land with a fair market value of $55,700, compute Hauswirth's realized gain or loss. recognized gain or loss. deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives 3334.000 in cash in year 0 and a $96,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Complete this question by entering your answers in the tabs below
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