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QUESTION
Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Inc. (WFI).
Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Inc. (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accounting balance sheet
Danielle's tax basis in the building and land after the complete liquidation?
