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On April 1, Johnson paid $250,000 for a residential rentalproperty. This purchase price represents $200,000 for the buildingand $50,000 for the land. Five years later,

On April 1, Johnson paid $250,000 for a residential rentalproperty. This purchase price represents $200,000 for the buildingand $50,000 for the land. Five years later, on November 1, he soldthe pro 2 answers

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