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! Required information Problem 1 4 - 4 3 ( LO 1 4 - 2 ) ( Static ) [ The following information applies to
Required information
Problem LO Static
The following information applies to the questions displayed below.
Sarah single purchased a home on January for $ She eventually sold the home for
$ What amount of the $ gain on the sale does Sarah recognize in each of the following
alternative situations? Assume accumulated depreciation on the home is $ at the time of the sale.
Note: Leave no answer blank. Enter zero if applicable.
Problem Part d Static
d Sarah used the home as a vacation home from January through December She used the home as her
principal residence from January until she sold it on January
Note: Round intermediate percentage computation to decimal places.
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