Daniel's basis in the DAT Partnership is $135,000. DAT distributes its land to Daniel in complete liquidation o his partnership interest. DAT reports the following balance sheet just before the distribution: 
If DAT has a §754 election in place, what is the amount of the special basis adjustment resulting from the distribution to Daniel? What is DAT's basis in its remaining assets?
Definitions:
Super Keyword
A reference variable in Java used to access members of a parent class from within methods of a subclass.
Constructor Definition
A special type of subroutine called to create an object; it initializes the object's properties or default values.
Package Access
A level of visibility in Java, where classes and members are accessible within the same package.
Overriding
The process by which a method in a subclass provides a specific implementation for a method that is already defined in its superclass.
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