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Jaye purchased a building for $100,000. After deducting depreciation of $12,000 through the date of sale, Jaye sells the building for $120,000. What is Jaye's
Jaye purchased a building for $100,000. After deducting depreciation of $12,000 through the date of sale, Jaye sells the building for $120,000. What is Jaye's adjusted basis for computing realized gain or loss? a. $100,000 b. $120,000 c. $88,000 d. $108,000
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