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Alex purchased a rental house four years ago for $361,100. Her depreciation at the time of the sale is $43,332. Due to a decrease in
Alex purchased a rental house four years ago for $361,100. Her depreciation at the time of the sale is $43,332. Due to a decrease in real estate prices, she sells the house for only $343,045 in 2022. What is her gain or loss for tax purposes
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
