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Which of the following formulas shoukd be used to determine capital gains? a) difference between the adjusted basis and the net selling price b) difference
Which of the following formulas shoukd be used to determine capital gains?
a) difference between the adjusted basis and the net selling price
b) difference between the basis of the property and its price
c) basis of the property less the cost of gross selling price physical improvements made to the property
d) difference between the basis of the property plus total depreciation and its net selling price
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