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! Required information [ The following information applies to the questions displayed below. ] Sarah ( single ) purchased a home on January 1 ,
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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.
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.
Answer is complete but not entirely correct.
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