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Question 34 1 pts 34. Bob owns a rental property for which he paid $150,000 several years ago. It has had $30,000 in deprecia

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34)

The cost basis of the new property would include the closing costs. Hence the correct answer is $200,000

35)

Gross revenue 100,000

Less: Professional insurance 1000

Less: Office supplies 500

Less: deductible mileage 3000

less: home office 1500

Less: meals 1000

Net 93000

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