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Roland Curtis's investment property was condemned. He purchased the property for $105,000. He received a...

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Accounting

Roland Curtis's investment property was condemned. He purchased the property for $105,000. He received a net condemnation award of $170,000 and purchased replacement property for $255,000. What is the amount of gain realized on the condemnation? $0 $65,000 $85,000 $140,000

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