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Question 64 of 75. Chad Young's investment property was condemned. He purchased the property for $125,000.He received a net condemnation award of $155,000 and purchased

Question 64 of 75. Chad Young's investment property was condemned. He purchased the property for $125,000.He received a net condemnation award of $155,000 and purchased replacement property for $205,000. What is the amount of gain realized on the condemnation? O $0 O $30,000 O $50,000 $80,000 Mark for follow up

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