Wanting to finalize a sale before year-end, on december 29, wr outfitters sold to bob a warehouse and the land for $125,000. the appraised fair market value of the warehouse was $75,000, and the appraised value of the land was $100,000. (do not round intermediate calculations. round your answers to the nearest whole dollar amount.) a. what is bob’s basis in the warehouse and in the land?

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.