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Teresas manufacturing plant is destroyed by fire. the plant has an adjusted basis of $260000 and Teresa receives insurance proceeds of $400000 for the loss.

Teresas manufacturing plant is destroyed by fire. the plant has an adjusted basis of $260000 and Teresa receives insurance proceeds of $400000 for the loss. Teresa reinvests $425000 in a replacement plant.

Calculate Teresa's recognized gain if she elects to untilize the involuntary conversion provision.

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