In 2012, DeAndre purchased land for $150,000. He also received $10,000 from a local cable...
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In DeAndre purchased land for $ He also received $ from a local cable television company in exchange for allowing the company to run an underground cable across his property. DeAndre is not required to recognize income from receiving the $ because it was a return of his capital invested in the land. True False
In DeAndre purchased land for $ He also received $ from a local cable television company in exchange for allowing the company to run an underground cable across his property. DeAndre is not required to recognize income from receiving the $ because it was a return of his capital invested in the land.
True
False
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