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During the Year, V Sold an Apartment Purchased in 1980

Question 29

Multiple Choice

During the year, V sold an apartment purchased in 1980.Assume that V claimed all depreciation allowed.The sale is summarized as follows: During the year, V sold an apartment purchased in 1980.Assume that V claimed all depreciation allowed.The sale is summarized as follows:   What is V's§ 1231 gain? A) $44,000 B) $45,000 C) $48,000 D) $49,000 What is V's§ 1231 gain?


A) $44,000
B) $45,000
C) $48,000
D) $49,000

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