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What is floyd beginning partnership corporation basis

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Question - What is Floyd's beginning partnership and beginning corporation basis? Cash 15,000, land cost 10,000 market value 15,000, building cost 120,000 market value 80,000, residual value 20,000, accumulated depreciation 5,000, mortgage on building 70,000.

Reference no: EM131799486

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What is floyd beginning partnership corporation basis : What is Floyd's beginning partnership and beginning corporation basis? Cash 15,000, land cost 10,000 market value 15,000
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