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14. Robert transferred his rent house to his best friend, The house had cost $200,000...

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Accounting

14. Robert transferred his rent house to his best friend, The house had cost $200,000 and depreciation of $12,500 had claimed. The house was subject to an assumable loan of $180,000. Robert received $20,000 cash. How much is Robert's gain or loss realized?

A.$-0-

B. $7.500 loss

C. $20,000 gain

D. $12,500 gain

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