Ashley inherited all of the property of her aunt Elena, who died last year. Elena's...
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Accounting
Ashley inherited all of the property of her aunt Elena, who died last year. Elena's adjusted basis for the property at the date of death was $1,760,000. The property's fair market value was $6,160,000 at the date of death and $7,040,000 six months after the date of death. What is Ashley's adjusted basis of the property
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