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Question 65 of 75. Terrance Brooks' investment property was condemned. He purchased the property for $195,000. He received a net av $265,000. and purchased a

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Question 65 of 75. Terrance Brooks' investment property was condemned. He purchased the property for $195,000. He received a net av $265,000. and purchased a replacement property for $331,000. What is the amount of gain recognized after the replac property is purchased? $0 $66,000 $70,000 $136,000 Mark for follow up

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