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Business, 24.07.2020 03:01 lilpump3506

Will's Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the land was $4,200. Will receives a down payment of $4,000 at the time of sale and will receive the remaining $2,000 early next year. The realized gain on the sale is $

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Will's Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and...
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