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1. Hank bought a small ranch for $300, in 2004. In 20(19, uranium is discovered on neighboringproperty. The county assessor re-yalued Hank's property at $550,.

image text in transcribed 1. Hank bought a small ranch for $300,flflfl in 2004. In 20(19, uranium is discovered on neighboringproperty. The county assessor re-yalued Hank's property at $550,flflfl. Hank does not recognizeany income due to the a. Aflninclusiye IncomeConcept c. Realization Concept d. Claim of Right Doctrine e. Ahflity—to-Pay Concept h. Capital Recovery Concept

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