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1. (3 points) Erin purchased a house for $230,000. She added on a deck two years later for a cost of $15,000. She also used
1. (3 points) Erin purchased a house for $230,000. She added on a deck two years later for a cost of $15,000. She also used one room in the house as an office for her on-line business. She has taken $4,000 of depreciation related to that usage. She sold the house this year for $300,000. She paid her realtor a commission of $18,000. What is her A/B in the house at the time of the sale? What is her A/R on the sale of the house? What is her realized gain
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