Jesse incorporates her sole proprietorship on January 1, 2018 by transferring all of her assets to newly formed Excavation, Inc., a calendar year C-corporation, for all 100 shares of Excavation stock, with a FMV or $128,000, and five $10,000 interest-bearing notes that mature consecutively on the first five anniversaries of the incorporation date. The assets transferred are as follows:

Assets Adjusted Basis FMV
Cash 14400 14400
Equipment 135000
Minus: Accumulated Depreciation 65000 70000 60800
Building 85000
Minus: Accumulated Depreciation 50000 35000 51200
Land 25600 33600
Total 45000 160000

Requirement:
a. What are the amounts and character of Jesse's recognized gains or losses?
b. What is Jesse's basis in the Superior stock andnotes?
c. What is Superior's basis in the property received from Jesse?

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

the correct option is c

answer; ///hong kong;