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What is beyonce recognized gain or loss

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Reference no: EM133043579

Question - Beyonce sells her personal use boat for $20,000. She purchased the boat four years ago for $34,000. What is Beyonce's recognized gain or loss?

a. $0

b. $20,000

c. ($14,000)

d. ($34,000)

Reference no: EM133043579

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