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On April 6, Thomas Dean sold a parcel of land he had held for investment to a real estate development firm for $75,000. He purchased

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On April 6, Thomas Dean sold a parcel of land he had held for investment to a real estate development firm for $75,000. He purchased the land three years earlier from his brother for $70,000. His brother had originally purchased the land for $74,000 What is the Net Gain or Loss on the sale

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