Question: Wanting to finalize a sale before year - end, on December 2 9 , WR Outfitters sold to Bob a warehouse and the land for

Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $210,000.
a. What is Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $100,500 and the appraised value of the land was $185,000?

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