Nate purchased the home 15 years ago for 110000 - over the


Nate sold his main home for $400,000. He paid commissions totaling $20,000. Nate purchased the home 15 years ago for $110,000.

Over the years, he has spent $13,000 on improvements and $22,000 on repairs to the home. Nate's recognized gain is:

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Accounting Basics: Nate purchased the home 15 years ago for 110000 - over the
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