Kelly inherits land which had a basis to the decedent of $95,000 and a fair market value of $50,000 on august 4, 2018, the date of the decedent’s death. the executor distributes the land to kelly on november 12, 2018, at which time the fair market value is $49,000. the fair market value on february 4, 2019, is $45,000. in filing the estate tax return, the executor elects the alternate valuation date. kelly sells the land on june 10, 2019, for $48,000. what is herrecognized gain or loss? ($1,000) ($2,000) ($47,000) $1,000 none of the above

Ariana starts with 100 milligrams of a radioactive substance. the amount of the substance decreases by 20% each week for a number of weeks, w. the expression 100(1−0.2)w finds the amount of radioactive substance remaining after w weeks. which statement about this expression is true? a) it is the difference between the initial amount and the percent decrease. b) it is the difference between the initial amount and the decay factor after w weeks. c) it is the initial amount raised to the decay factor after w weeks. d) it is the product of the initial amount and the decay factor after w weeks.