I think it is
<span>D.)substituting existing technology with a new technology to produce more goods
I hope this helps </span>
Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
= 
On substituting the given values, we get
= 
= 
= 
=
($)
The 529 plan is the plan that offers a tax-free education