After deducting depreciation cost recovery expense of 3130


Juanita purchases a house for $200,000. She converts the property to rental property when the fair market value is $160,000. After deducting depreciation (cost recovery) expense of $3,130, she sells the house for $100,000. What is her recognized gain or loss?

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Accounting Basics: After deducting depreciation cost recovery expense of 3130
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