Shannon bought an apartment building in July 2012 for $397,500 and sold it for $532,500...
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Shannon bought an apartment building in July 2012 for $397,500 and sold it for $532,500 in 2018. There was $93,084 of accumulated depreciation allowed on the apartment building. Assuming that Shannon is in the 35% tax bracket, how much of her gain is taxed at 25%? Multiple Choice O $0. O $41,916 $93.084. O $135,000
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