Mona Purchased a Business from Judah for $1,000,000 ? What Is Mona's Adjusted Basis for the Land, Building

question 109

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: $$\begin{array} { l r r } & \text { Adjusted Basis } & \text { FMV } \\\text { Land } & \$ 195,000 & \$ 270,000 \\\text { Building } & 310,000 & 450,000 \\\text { Equipment } & 95,000 & 180,000\end{array}$$ ? 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.

Understand the role of social theories in explaining population dynamics and social behaviors.

Examine the factors contributing to environmental issues and the global response to them.

Analyze the effects of aging populations and demographic transitions on social policies and practices.

Evaluate the consequences of population policies and the importance of sustainable development.

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Definitions:

Concrete

Refers to the stage of cognitive development in which children gain the ability to think logically about physical objects and events in their immediate environment.

Abstract

Referring to concepts or ideas that are not concrete or tangible, but rather, intangible and thought-based.

Evaluation

The systematic process of determining the merit, value, and significance of something, typically for the purposes of decision-making or understanding.

Perspective Taking

The cognitive capacity to consider a situation from the point of view of another person, improving empathetic understanding.