Solved: How is the amount realized on the sale determined, Accounting Basics

How is the amount realized on the sale determined

Question 1: When real estate is sold and a mortgage is involved, how is the amount realized on the sale determined?

Question 2: How does the depreciation deduction taken with respect to a specific parcel of real estate affect the amount realized when that parcel is sold?

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Accounting Basics: How is the amount realized on the sale determined

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Accounting Basics: How is the amount realized on the sale determined

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