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The following information is used in the next three questions. Residential rental property is sold...

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Accounting

The following information is used in the next three questions.

Residential rental property is sold after five years. The property was originally purchased for $1,000,000. Additional information on the property and sale are as follows:

a. $547,451.

b. $1,231,168.

c. $1,338,226.

d. None of the above

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