Business, 02.11.2019 07:31 noor2005

1. brian brewster sold property to a buyer who paid him $400,000 cash and the buyer assumed brian’s existing mortgage of $150,000. the property had cost $250,000 and he had made improvements of $50,000. depreciation of $100,000 has been properly claimed and selling expenses were $20,000. what is the amount of gain realized? (a) $100,000(b) $200,000(c) $250,000(d) $280,000(e) $330,000

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1. brian brewster sold property to a buyer who paid him $400,000 cash and the buyer assumed brian’s...