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WHICH OF THE FOLLOWING AMOUNTS IS NOT INCLUDED IN THE COMPUTATION OF A PROPERTY'S ADJUSTED BASIS IN AN EXCHANGE? MULTIPLE CHOICE 1. Selling expenses incurred

WHICH OF THE FOLLOWING AMOUNTS IS NOT INCLUDED IN THE COMPUTATION OF A PROPERTY'S ADJUSTED BASIS IN AN EXCHANGE?

MULTIPLE CHOICE

1. Selling expenses incurred by the buyer.

2. Acquisition cost of the buyer.

3. Capital improvements made to the property by the buyer.

4. Depreciation of the property by the buyer.

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