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    Exam 21: Property Transactions: Capital Gains and Losses
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    If Houston Printing Co
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If Houston Printing Co

Question 53

Question 53

True/False

If Houston Printing Co.purchases a new printing press during the current year for $30,000,pays sales taxes of $2,000,and pays $1,000 for installation,the cost basis for the printing press is $33,000.

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