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Question 7 of 75. What is the seller's gain on repossessed property with a fair market value of $14,000 on the date of repossession, where

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Question 7 of 75. What is the seller's gain on repossessed property with a fair market value of $14,000 on the date of repossession, where the seller's basis is $10,000, and the costs of repossession were $500? O Gain of $9,500. O Gain of $4,000. O Gain of $3,500 O Gain of $500 Mark for follow up

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