Bob Owns a Rental Property That He Bought Several Years

question 1

Multiple Choice

Bob owns a rental property that he bought several years ago for $250,000.He has taken depreciation on the house of $35,000 since buying it.He sells it in 2018 for $290,000.His selling expenses are $12,000 for the year.What is Bob's realized gain on the sale?

• A)$18,000
• B)$53,000
• C)$63,000
• D)$77,000
• E)None of the above

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Definitions:

Eudicot Roots

The roots of eudicot plants, characterized by a central main root from which lateral roots branch out, typically forming a taproot system.

Radicle

The embryonic root of a seed plant.

Apoplast

A continuum consisting of the interconnected, porous plant cell walls, along which water moves freely. Compare with symplast.

Plasmodesmata

Microscopic channels that traverse the cell walls of plant cells and some algal cells, enabling transport and communication between them.