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Capital Assets Question 14 of 75. Neelam died, leaving her estate to her cousin, Mary. At the time of her death, Neelam owned a diamond

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Capital Assets Question 14 of 75. Neelam died, leaving her estate to her cousin, Mary. At the time of her death, Neelam owned a diamond originally purchased by her grandmother, Bertha, for $5,000. When Bertha died, the ring had passed to Tom. At the time of Bertha's death, the ring was worth $10,000. Tom then spent $700 to have the ring ro valued at $13,000 at the time of Tom's death. At the time of Neelam's death, the ring was worth $18,000 the ring is O $18,000 O $13,000 O $10,700 O $5,000 Mark for follow up Question 15 of 75. Tyron purchased his primary residence for $260,000. As part of the closing procedure, he paid $2 origination fee S750 to a lawyer to roin the ninnan manual ARE

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