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Question 37 4 pts Linda purchased two cars in 2018. A vintage Thunderbird for $72,000 and a Honda Accord for $29,000. Both cars were used
Question 37 4 pts Linda purchased two cars in 2018. A vintage Thunderbird for $72,000 and a Honda Accord for $29,000. Both cars were used solely for personal purposes. During the current year, she sold the Thunderbird for $85,000 and the Honda for $25,000. How much gain or loss will she report for these two transactions? o $4,000 loss o No gain or loss o $13,000 gain o $9,000 gain
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