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Dale bought land and a building for $ 6 0 , 0 0 0 for use as a parking lot. He paid $ 7 ,

Dale bought land and a building for $60,000 for use as a parking lot. He paid $7,000 to have the building demolished and sold scrap from the demolished building for $1,500. He then paid $11,000 to lay down asphalt for the lot. What was Dales basis in the parking lot at the date of sale?A.$76,500B.$78,000C.$61,500D.$60,000

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