For his 18th birthday, Kevin gave his son, Gabe, 5 gold coins for which he paid $500
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For his 18th birthday, Kevin gave his son, Gabe, 5 gold coins for which he paid $500 each 2 years earlier. On Gabe’s birthday, coins were selling for $450. One month after his birthday, Gabe sells 2 of the coins for $525 each and uses the money to buy a motorcycle.
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Related Book For 
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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