Daniel's Basis in the DAT Partnership Is $135,000 If DAT Has a §754 Election in Place, What Is

question 11

Essay

Daniel's basis in the DAT Partnership is $135,000. DAT distributes its land to Daniel in complete liquidation of his partnership interest. DAT reports the following balance sheet just before the distribution:
$$\begin{array} { | l | r | r | } \hline \text { Assets: } & \text { Basis } & \text { FMV } \\\hline \text { Cash } & \$ 110,000 & \$ 110,000 \\\hline \text { Stock (imvestment) } & 240,000 & 110,000 \\\hline \text { Land } & 55,000 & 110,000 \\\hline \text { Total } & \$ 405,000 & \$ 330,000 \\\hline\end{array}$$ If DAT has a §754 election in place, what is the amount of the special basis adjustment resulting from the distribution to Daniel? What is DAT's basis in its remaining assets?
$$\begin{array}{l}\text { Liablities and capital: }\\\begin{array} { | c | r | } \hline \text { Capital-Daniel } & \$ 135,000 \\\hline \text {-Alexandra } & 135,000 \\\hline \text {-Travis } & 135,000 \\\hline \text { Total } & \$ 405,000 \\\hline\end{array}\end{array}$$

Explain the role of nonverbal communication in enhancing or hindering cross-cultural communication.

Understand the principles and effectiveness of the lecture method in training.

Recognize the advantages and disadvantages of various training methods.

Identify appropriate instructional methods based on training goals and trainee experiences.

---

Definitions:

Latin Name

A formal system of naming species of living things by giving each a name composed of two parts, both of which use Latin grammatical forms.

Clinical Interview

A method used in psychology to gather information about a person's psychological state through a structured or semi-structured conversation.

Symptom

A sign or indication of a condition, illness, or disease.

Sign

An object, quality, or event whose presence or occurrence indicates the probable presence or occurrence of something else.