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Darla owns a dress shop called Darla's Darling Dresses. During the past year, Darla traded...

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Accounting

Darla owns a dress shop called Darla's Darling Dresses. During the past year, Darla traded her current location for a building a little farther out of town. Her current location had an original cost of $150,000 and a fair market value of $225,000 at the time she traded it. Depreciation on the facility totaled $37,500. Darla received a building and lot worth $200,000 and cash of $25,000 in the exchange. She paid sales commissions to the real estate broker of $10,000. Darla's amount realized on the sale is $ and the adjusted basis in the assets sold is $ producing a realized on the sale of $.

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