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Uan sells a classic automobile to his brother-in-law under the following terms: - The selling price is $25,000. - Dan's purchase price was $15,000. -

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Uan sells a classic automobile to his brother-in-law under the following terms: - The selling price is $25,000. - Dan's purchase price was $15,000. - Dan's brother-in-law will pay five annual installments of $5,000 plus accrued interest. Ignoring interest income, what amount of gain will Dan recognize for the current year after the first payment? $3,000. $2,000. $10,000. $5,000

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