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Tiny Nurseries Ltd. purchased land 10 years ago for $200,000 which it sold in Year 1 for $250,000. The terms of the sale included $60,000

Tiny Nurseries Ltd. purchased land 10 years ago for $200,000 which it sold in Year 1 for $250,000. The terms of the sale included $60,000 which was received in Year 1, with eight equal installments to follow beginning in Year 2. The taxable capital gain on the land sale in Year 2 is 0:30 Multiple Choice es $6,000. $19,000

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