Carlos Bought a Building for $113,000 in 2014

question 96

Multiple Choice

Carlos bought a building for $113,000 in 2014.He added an addition to the building for $26,000.In 2018, he sold it for $212,000.What was his long-term capital gain (ignore depreciation) ?

• A)$0
• B)$47,000
• C)$73,000
• D)$99,000
• E)$212,000

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Definitions:

Rejection Region

The range of values in a statistical test for which the null hypothesis is rejected.

Rank Correlation

A statistic that measures the degree of association between two variables using the ranks of their data.

Oral Exam

An examination method where the candidate articulates responses to questions verbally, used to assess comprehension, communication skills, and knowledge.

Written Exam

A formal test conducted by asking questions on paper or digitally to assess a candidate's knowledge or proficiency in a particular subject or skill.