Dale gave property with a basis of $16,000 to Sarah when it had a FMV...
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Accounting
Dale gave property with a basis of $16,000 to Sarah when it had a FMV of $12,000. Sarah later sold the property for $22,000 resulting in a recognized gain of (Points : 4)
$-0-. $4,000. $6,000. $12,000.
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