Question: can someone help me show the work for this? the answer is C 9. Bob converted his personal home (cost $290,000) to rental property at

can someone help me show the work for this? the answer is C
can someone help me show the work for this? the answer is

9. Bob converted his personal home (cost $290,000) to rental property at a time when the FMV was $230,000. Depreciation of $30,000 was taken before the home is sold for $280,000. What is the gain/loss on the sale? a. $10,000 loss b. $80,000 gain c. $20,000 gain 1 d. No gain or loss e. None of the answers provided is correct

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