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explanation please Question 7 (2 points) V owned an office building that had been held more than one year when it was sold for $567,000.
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Question 7 (2 points) V owned an office building that had been held more than one year when it was sold for $567,000. The real estate had an adjusted basis of $45,000 for the land and $233,000 for the building. Straight-line depreciation of $162,000 had been taken on the building. What is the unrecaptured $ 1250 (25%) gain, if any? If none, then enter 0. Use parentheses to indicate negative values, e.g., (100). Enter your answer without the dollar sign or comma. Round to the nearest dollar if necessaryStep by Step Solution
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