Business, 20.12.2019 03:31 kcouch2006

Alex wrecked his car on the way to work. his basis in the car was $20,000. he received $22,000 from the insurance company to replace the car. he only spent $15,000 on a replacement vehicle. what is the amount of the recognized gain?

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Alex wrecked his car on the way to work. his basis in the car was $20,000. he received $22,000 from...

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