What is her recognized gain or loss, Financial Accounting

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What is her recognized gain or loss

Problem

Lynn purchases a house for 52000 she converts the property to rental property when the fair market value is 115000 after deducting depreciation (cost recovery) expenses of $ 1130 she sells the house for 120000 what is her recognized gain or loss?

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Financial Accounting: What is her recognized gain or loss

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Financial Accounting: What is her recognized gain or loss

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