Business, 03.11.2019 21:31 sophialoperx

In the current year, keyaki construction company exchanged a building, which cost $530,000 and had accumulated depreciation of $160,000, for a new building having a fair market value of $650,000. in connection with the exchange, keyaki paid $280,000 in cash. what is the tax basis of the new building?

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In the current year, keyaki construction company exchanged a building, which cost $530,000 and had a...

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