In May 2023, Sandra's office was burglarized, and she determined that approximately $21,000 of equipment was taken.

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In May 2023, Sandra's office was burglarized, and she determined that approximately $21,000 of equipment was taken. In September 2023, she received a reimbursement check from the insurance company. If there were a realized gain in this situation, when would the replacement period end? A) December 31, 2024 B) December 31, 2023 C) September 30, 2025 D) December 31, 2025

Posted Date: May 18, 2024 06:07 PM

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In May 2023, Sandra's office was burglarized, and she determined that approximately $21,000 of equipment was taken.

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