Mia owns a warehouse that has a cost basis of $80,000. The city condemns the warehouse to make room for a new fire station. It pays $400,000 for the property, its agreed to fair market value. Shortly after the condemnation, Mia purchases another warehouse as a replacement. If amount is zero, enter". A. What is her recognized gain if the new property cost is $280,000? B. What is the recognized in the new property cost is $444,000? C. What is her recognized gain if the new property cost is $80,000? D. What if any is the justification for deferring the recognition of gain on the involuntary conversion? The involuntary conversion provision is justified under the changed