rosierose1948 rosierose1948

21-11-2022
Business

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enson exchanged a warehouse used exclusively for business and with an adjusted basis of $100,000 for a new warehouse with a fair market value of $120,000 and received $5,000 in cash. what amount of gain did benson recognize from the transaction? $0 $5,000 $20,000 $25,000

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