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Donald bought an unimproved lot from Terrica for $6,500. He then sold it to Allan for $9,000. The market value at that time was $10,000.
Donald bought an unimproved lot from Terrica for $6,500. He then sold it to Allan for $9,000. The market value at that time was $10,000. When Allan died, the appraised value was $15,500. What amount should be included in Allan's estate? $6,500 $9,000 $10,000 $15,500
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