An income property is purchased for $100,000 with $80,000 allocated to the building and $20,000...

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Accounting

An income property is purchased for $100,000 with $80,000 allocated to the building and $20,000 to the and. IIe
depreciation rate is 10% per year, straight line. The property is sold for $100,000 net at the end of the tenth year. How much
did the seller declare as a capital gain in the year of the sale?
$0
$20,000
$80,000
$100,000
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