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Question 29 (1 point) Brian Brewster sold real estate to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000. The property had cost $250,000 and he had made improvements of $50,000. Depreciation of $100,000 has been claimed and selling expenses were $20,000. What is the amount of gain? $300,000 $230,000 36 $350,000 39 $330,000 Hide hint for Question 29 Remember from the exchange rules: when someone assumes your debt, that's like giving you cash