Calculator Carlos bought a building for $113,000 in 2013. He added an addition to the building for

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Calculator Carlos bought a building for $113,000 in 2013. He added an addition to the building for $26,000. In 2017, he sold it for $212,000, what was his long-term capital gain (ignore depreciation)?

a. $47,000

b. $73,000

c. $99,000

d. $0

e. $212,000

Related Book For answer-question

Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Posted Date: Sep 10, 2022 12:22 AM

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Financial Accounting

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