Mark $0\mathrm{.}00$ out of $1\mathrm{.}00$

An investor recently sold a hotel and paid a capital gains tax $($based on $25\%$ tax rate$)$ worth USD $200\text{'}000.$ He had purchased the new

hotel seven years ago for USD $2\text{'}000\text{'}000.$ The ratio of the building value to land value by the time of the purchase was $7$:$3,$ and the hotel

was depreciated over $39$ years. What is the price at which he sold the hotel? Assume there are no transaction costs.

a$.$ $$2^{\text{'}}{692}^{\text{'}}308$

b$.$ $ $2\text{'}441\text{'}026$

c$.$ $$2^{\text{'}}{800}^{\text{'}}000$

d$.$ $$2^{\text{'}}548\text{'}718$

Your answer is incorrect.

The correct answer is:

$ $2\text{'}548\text{'}718$