Multiple Choice
Trudo Corporation has a building that it needs to sell or exchange because of growth in its business.If Trudo 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) $94,500
B) $153,000
C) $175,500
D) $450,000
Correct Answer:
Verified
Correct Answer:
Verified
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