19 20 Question 18 (2 points) Emily decides on a whim to purchase 1.000 spoons from...
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19 20 Question 18 (2 points) Emily decides on a whim to purchase 1.000 spoons from a thrift shop at a cost of $3,000. Immediately upon purchase of these spoons, she realized that she exclusively uses forks to eat, and decides to sell all of the spoons she just bought. Devin, who exclusively uses spoons to eat, purchased the entire collection for $1,500. What is Emily's taxable gain or low a) $2,000 gain. b) $2,000 joss c) $1,500 gain d) $1,500 loss e) $500 gain f) $500 loss g) $0 gain/loss 19 20 Question 18 (2 points) Emily decides on a whim to purchase 1.000 spoons from a thrift shop at a cost of $3,000. Immediately upon purchase of these spoons, she realized that she exclusively uses forks to eat, and decides to sell all of the spoons she just bought. Devin, who exclusively uses spoons to eat, purchased the entire collection for $1,500. What is Emily's taxable gain or low a) $2,000 gain. b) $2,000 joss c) $1,500 gain d) $1,500 loss e) $500 gain f) $500 loss g) $0 gain/loss
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