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3 Required Information Part3 ofa The following information applies to the questions displayed below Lance contributed Investment property worth $605,000, purchased three years ago for

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3 Required Information Part3 ofa The following information applies to the questions displayed below Lance contributed Investment property worth $605,000, purchased three years ago for $300,000 cash, to Cloud Peak 0.5 polnts has no other debts. c. What Is Cloud Peak's basis in the contributed property? eBook

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