carlitosbj6021 carlitosbj6021
  • 24-11-2022
  • Business
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assume the same facts as requirement 2 and that the exchange lacked commercial substance. assume the fair value of the farmland given is $416,000 instead of $740,000. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land?

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