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Mr. Anderson has a personal residence with an adjusted basis of $150600 and a FMV...

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Accounting

Mr. Anderson has a personal residence with an adjusted basis of $150600 and a FMV of $162700.His property was condemned by the North Carolina State Highway Administration. Mr. Anderson received $145900. Calculate his deductible loss.

A)$16800 B)$4700 C)$12100 D)$0

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