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Alicia buys a beach house for $425,000 which she uses as her personal vacation home.She builds an additional room on the house for $45,000.She sells the property for $510,000 and pays $30,000 in commissions and $4,000 in legal fees in connection with the sale.What is the recognized gain or loss on the sale of the house?
Thinking
The process of using one's mind to consider or reason about something, involving cognition, problem-solving, and decision-making.
Feeling
A subjective, emotional state or reaction that something is experienced through the senses or emotions.
Affiliative Humor
Affiliative humor is a type of humor that focuses on creating and reinforcing social bonds through jokes and funny stories that are agreeable to all parties involved.
Self-enhancing
The psychological process of focusing on one's positive qualities and achievements to maintain or increase self-esteem.
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