Charlotte's Apartment Building That Has an Adjusted Basis of $200,000

question 95

Multiple Choice

Charlotte's apartment building that has an adjusted basis of $200,000 is destroyed by fire. Early the following year, Charlotte receives a $425,000 insurance check and reinvests $400,000 of the proceeds in an apartment building. What is the basis in the new building?

• A)$- 0 -
• B)$425,000
• C)$400,000
• D)$200,000
• E)$175,000

---

Definitions:

Slows Heartbeat

A decrease in the rate at which the heart beats, often caused by physiological or psychological factors.

Neural Networks

A set of algorithms, modeled loosely after the human brain, designed to recognize patterns. They interpret sensory data through a kind of machine perception, labeling, or raw input.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information to and from all parts of the body.

Axons

Long, threadlike parts of a nerve cell along which impulses are conducted from the cell body to other cells.