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Patty's factory building,which has an adjusted basis of $475,000,is destroyed by fire on April 8,2014.Insurance proceeds of $500,000 are received on June 1,2014.She has a new factory building constructed for $490,000,which she occupies on October 1,2014.Assuming Patty's objective is to minimize the tax liability,calculate her recognized gain or loss and the basis of the new factory building.
Drug Detoxification
The medical or psychological treatment for removing toxic substances, including drugs and alcohol, from the body, often the first step towards recovery from addiction.
Methylene-dioxy-methamphetamine
Methylene-dioxy-methamphetamine, commonly known as MDMA or 'ecstasy,' is a synthetic drug that alters mood and perception, noted for its stimulant and psychedelic effects.
MDMA
3,4-Methylenedioxymethamphetamine, a psychoactive drug primarily used for recreational purposes, known for its euphoric and empathogenic effects.
Addictive Potential
The likelihood that a substance or activity will lead to addiction, characterized by a compulsive need to engage with the substance or activity.
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