Compute the capital gain on the following:
Selling price of property $400,000
Less selling expenses -9,000
Amount realized $391,000
Basis of property:
Cost $325,000
Depreciation 10,000
Improvements 5,000

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The Answer of Compute the capital gain on the following:
Selling price of property $400,000
Less selling expenses -9,000
Amount realized $391,000
Basis of property:
Cost $325,000
Depreciation 10,000
Improvements 5,000

Compute the Capital Gain on the Following