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79. Which of the following statements about an investment in undeveloped land is false? A. An investor can elect to capitalize interest expense on a

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79. Which of the following statements about an investment in undeveloped land is false? A. An investor can elect to capitalize interest expense on a mortgage incurred to purchase the undeveloped land. B. An investor can elect to capitalize property taxes on undeveloped land. C. An investment in undeveloped land is considered a liquid asset. D. Gain recognized on the sale of undeveloped land held as an investment is capital gain

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