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Bennett purchased a tract of land for $20,000 in 2015 when he heard that a new highway was going to be constructed through the property
Bennett purchased a tract of land for $20,000 in 2015 when he heard that a new highway was going to be constructed through the property and the land would soon be worth $200,000. The highway project was abandoned in 2021 and the value of the land fell to $15,000. Bennett can claim a loss in 2021 of: Oa. 50 Ob. $180,000 c. $5,000 Od. $165,000 Oe. None of these choices are correct
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