A Duplex Was Purchased for $120,000,and Depreciation of $3,300 Has

Essay

A duplex was purchased for $120,000,and depreciation of $3,300 has been taken for the last seven years.The net proceeds from the sale of the property were $135,000.
a)Assuming the property qualifies for capital gains treatment at a 15% rate,what is the tax owed?
b)What are the net funds from the sale?