What is the amount of taxes that trudi will avoid paying if


Question - 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

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