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Horatio sold an asset to Jaime. What is Horatio's amount realized on the sale in each of the following alternative scenarios? a. Horatio received $125,000

Horatio sold an asset to Jaime. What is Horatio's amount realized on the sale in each of the following alternative scenarios?

a. Horatio received $125,000 cash and a vehicle worth $18,400. Horatio also paid $9,000 in selling expenses.

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