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Johnny sells his rental real estate for $1,500,000 cash plus a piece of undeveloped land worth $75,000. The buyer assumes the liability of $525,000 on

Johnny sells his rental real estate for $1,500,000 cash plus a piece of undeveloped land worth $75,000. The buyer assumes the liability of $525,000 on the rental property. Johnny incurred selling expenses of $15,000. Calculate the amount realized in this transaction. A) $2,100,000 B) $2,085,000 C) $2,010,000 D) $1,485,000

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