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Anderson Company Exchanged Land Used in Its Business for Another

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Anderson Company exchanged land used in its business for another parcel of land with a fair market value of $160,000. In addition, Anderson received $40,000 in cash. Anderson will use the new parcel of land in its business. fte land that Anderson gave in exchange had an adjusted basis of $230,000 at the time of the exchange. What is Anderson's adjusted basis in the new land it received in the exchange?

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Understand the concepts of positive and negative reinforcement and their effects on behavior.
Recognize the role of consequences in shaping behavior through the law of effect.
Apply understanding of operant conditioning to analyze real-life behaviors and reinforcement scenarios.

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