Douglas owns rental property that he bought several years ago for $250,000. He has taken depreciation on the house in the amount of $35,000 since buying it. He sells it in 2020 for $290,000. His selling expenses are $12,000 for the year.

What is Douglas' realized gain on the sale?

Your answer should look like this:

$15,000.00

Group of answer choices

$53,000

$63,000

none of these

$28,000

$75,000

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