11. Janice bought her house in 2008 for $395,000. Since then, she has deducted $70,000 in depreciation associated with her home office and has spent $45,000 replacing all the old pipes and plumbing. She sells the house n Her realtor charged $34,700 in commissions. Prior to listing the house with the realtor, she spent the local newspaper. Don buys the house for $500,000 in cash and assumes her mortgage of 5300 advertising in Janice's adjusted basis at the date of the sale and the amount realized? a. $370,000 adjusted basis; $661,400 amount realized b. $370,000 adjusted basis; $659,000 amount realized. c. $370,000 adjusted basis; $665,200 amount realized. d. $325,000 adjusted basis; $663,200 amount realized. e. $325,000 adjusted basis; $694,000 amount realized 12. Mary sells her personal use automobile for S20,000. She purchased the car two years ago for $17,000. What is Mary's recognized gain or loss? It increased in value due to its excellent mileage, yet safe design. a. $O b. $3,000 c. $17,000 d. $20,000 e. None of the above another business use machine with a fair market value of $28,000 and $2,000 cash. What is Bud's recognized gain loss? a. S0 b. $2,000 c. $6,000 d. $8,000 e None of the above 13. Bud exchanges a business use machine with an adjusted basis of $22,000 and a fair market value of $30,000 for