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Exercise 14-23 (Algorithmic) (LO. 3) Ashley inherited all of the property of her aunt Elena, who died last year. Elena's adjusted basis for the property
Exercise 14-23 (Algorithmic) (LO. 3) Ashley inherited all of the property of her aunt Elena, who died last year. Elena's adjusted basis for the property at the date of death was $1,835,000. The property's fair market value was $6,422,500 at the date of death and $7,340,000 six months after the date of death. What is Ashley's adjusted basis of the property? $
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