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During the year, Rashad sold two assets: a vehicle which was sold for $ 2 0 , 0 0 0 that originally cost $ 2

During the year, Rashad sold two assets: a vehicle which was sold for $20,000 that originally cost $23,000 and a cottage (not a principal residence and owned for several years) which sold for $200,000 and originally cost $125,000. What is Rashad's taxable capital gain as a result of these transactions?
Multiple Choice
$72,000
$37,500
$75,000
$36,000

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