Ralph purchased a home in 2012 for 600,000. Ralph added a pool ...

[SGallaher96]

Ralph purchased a home in 2012 for 600,000. Ralph added a pool and landscaping for 36,000. Ralph lost his job and had to sell the home In a short sale for 420,000. Ralph had depreciated 32,000. The real estate commission was 28,000. What is the capital gains computation for Ralph?
 A)A gain of 392,000
 B)A gain of 212,000
 C)A loss of 212,000
 D)A loss of 280,000

Question 2

Long's Drugs is the anchor tenant in Oak Hill Shopping Center. Under its lease terms, Oak Hill is prohibited from leasing any space in the Center to another drug store. The clause:
 A) Is invalid because it is anticompetitive.
 B) Is invalid because it is too broad.
 C) Is valid.
 D) Both a and b
 E)None of the above

[krakiolit]

Answer to Question 1

C

Answer to Question 2

C

[SGallaher96]

Thanks for the timely response, appreciate it

[shailee]

Excellent