In order to encourage the redevelopment of its urban center, the city of Birmingham contributes undeveloped land (fair market value of $900,000) and cash of $350,000 to Blue Corporation. Within the year, Blue constructs a new office building at the site at a cost of $850,000.

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The Answer of In order to encourage the redevelopment of its urban center, the city of Birmingham contributes undeveloped land (fair market value of $900,000) and cash of $350,000 to Blue Corporation. Within the year, Blue constructs a new office building at the site at a cost of $850,000.

In Order to Encourage the Redevelopment of Its Urban Center