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Betty dies on February 20, 2013. Her estate consisted of the following assets, all valued...

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Accounting

Betty dies on February 20, 2013. Her estate consisted of the following assets, all valued as of her date of death:

Stock with a basis of $40,000 and a fair market value of $200,000

Home valued at $1,500,000 and a basis of $490,000

Cash of $70,000

Life insurance on Betty's life owned by her daughter with a $500,000 face value

What is Betty's gross estate?

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