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Amanda bought an apartment building in October 2015 for $367,500 and sold it for $490,500 in 2021. There was $81,012 of accumulated depreciation allowed on
Amanda bought an apartment building in October 2015 for $367,500 and sold it for $490,500 in 2021. There was $81,012 of accumulated depreciation allowed on the apartment building. Assuming that Amanda is in the 35% tax bracket, how much of her gain is taxed at 25%?
Group of answer choices
$81,012
$41,988
$0
$123,000
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