You purchase a property in January with a net cost of $3,000,000 at the time of sale and hold this property for 7 years (sell in Dec), selling at a price that assumes 3% inflation each year (for 7 years), and you have accumulated depreciation of $52,818.12 What is the gain on the sale. $3,689,621.60 none of these $557,958.64$2,947,181.08