Mona Purchased a Business from Judah for $1,000,000

question 7

Multiple Choice

Mona purchased a business from Judah for $1,000,000.Judah's records and an appraiser provided her with the following information regarding the assets purchased: What is Mona's adjusted basis for the land, building, and equipment?

• A)Land $270,000, building $450,000, equipment $180,000.
• B)Land $195,000, building $575,000, equipment $230,000.
• C)Land $195,000, building $310,000, equipment $95,000.
• D)Land $270,000, building $521,429, equipment $208,571.
• E)None of the above.

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