Question 7 of 10. Stig purchased a house in 2020 and rented it...

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Accounting

Question 7 of 10.
Stig purchased a house in 2020 and rented it out the entire time he owned it. His adjusted basis in the property before depreciation is $262,500( $45,000 attributable to land). In 2022, Stig sold the property for $320,000 with $7,500 in deductible expenses. The total allowable depreciation was $19,093.
What is Stig's taxable gain on the disposition of the building?
[$19093$22345$30907$60531]
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