Business, 25.07.2020 05:01 lovebaeforlife351

Albert purchased a tract of land for $140,000 in 2016 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000. Highway engineers surveyed the property and indicated that he would probably get $180,000. The highway project was abandoned in 2019 and the value of the land fell to $100,000. What is the amount of loss Albert can claim in 2019? a.$100,000 b.$60,000 c.$40,000 d.$80,000 e. None of these choices are correct.

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Albert purchased a tract of land for $140,000 in 2016 when he heard that a new highway was going to...

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