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Jared has non-depreciable property with an adjusted cost base of $154,000. The fair market value...

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Accounting

Jared has non-depreciable property with an adjusted cost base of $154,000. The fair market value of the property is $174,000. Jared sells the property to his son Jackfor $169,000.Two yearslater, Jack sells the property to an unrelated individual for $182,000.

How much capital gain will be recognized by each on the sale of theproperty?

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