Mr. pine purchased a small office building. included in his costs were the following: cash down payment$ 50,000mortgage on property assumed300,000title insurance2,000fire insurance premiums2,000attorney fees1,000rent to former owner to allow mr. pine tooccupy the office building prior to closing4,000what is mr. pine's basis in the property?

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

answeraccounts;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.