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Business, 27.11.2019 02:31 dmgcity

Hank owns a gym called ultimate fitness. during the past year, hank sold his facility to purchase a larger building with a parking lot. he received sales proceeds of $125,000 from the buyer. he paid a sales commission to his broker of $6,500. the building had an original cost of $105,500 and had accumulated depreciation for tax purposes of $15,825. what is hank's realized gain or loss on the sale? gain of $118,5

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