Trudi Corporation Has a Building That It Needs to Sell

Multiple Choice

Trudi Corporation has a building that it needs to sell or exchange because of growth in its business.If Trudi sells the building,it will have a gain of $450,000.What is the amount of taxes that Trudi will avoid paying if it can exchange the building? The corporation has $1,000,000 of taxable income from operations for the current year.

A) $90,000
B) $153,000
C) $175,500
D) $450,000
E) None of the above