Brenda's investment property was condemned. She purchased the property for $120,000. She received a net...
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Brenda's investment property was condemned. She purchased the property for $120,000. She received a net condemnation award of $150,000 and purchased replacement property for $200,000. What is the amount of gain realized on the condemnation. A. $0 B. $30,000 C. $50,000 D.$80,000
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