Cabot owns an apartment building that had a fire. He paid $5,000 for smoke remediation...
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Accounting
Cabot owns an apartment building that had a fire. He paid $ for smoke remediation after the fire. The repairs to the buiding cost $ and the roof needed to be replaced for a cost of $ Insurance reimbursed him $ for the roof, $ for the repairs and $ for the smoke remediation. How much did Cabot's basis increasedecrease as a result of the fire?
Decrease of $
Decrease of $
Increase of $
Increase of $
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