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Kylie purchased a horse farm in Ocala, Florida. Kylie properly allocated $10,000 of the purchase price to the barn. Several months after the purchase, Kylie

Kylie purchased a horse farm in Ocala, Florida. Kylie properly allocated $10,000 of the purchase price to the barn. Several months after the purchase, Kylie built an addition to the barn at a cost of $2,000. In the subsequent year, Kylie expended $800 to paint the barn, repair broken windows, and have the inside thoroughly cleaned. What is Kylie

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