Kareem bought a rental house in march 2013 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building. early in 2015, he had a tennis court built in the backyard at a cost of $7,500. kareem has deducted $30,900 for depreciation on the house and $1,300 for depreciation on the court. in january 2018, he sells the house and tennis court for $330,000 cash.
a. what is the adjusted basis of the rental house and land at the time of the sale?
b. what is the adjusted basis of the tennis court at the time of the sale?
c. what is kareem's realized gain or loss?

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.