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4 ) What would be the taxable gain ( loss ) on a property given the following information? Sale price Repairs and Maintenance Brokers commission

4)

What would be the taxable gain

(

loss

)

on a property given the following information? Sale price Repairs and Maintenance Brokers commission Depreciation Utilities Original purchase price Cost of a new roof $

4, 500, 000 5, 000 5 % 1, 000, 000 3, 500 3, 000, 000 250, 000

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