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Terrance Brooks' investment property was condemned. He purchased the property for $195,000. He received a net award of $265,000. and purchased a replacement property for

Terrance Brooks' investment property was condemned. He purchased the property for $195,000. He received a net award of $265,000. and purchased a replacement property for $331,000. What is the amount of gain recognized after the replacement property is purchased? $0 $66,000 $70,000 $136,000

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