Business, 26.03.2021 01:00 dorianhenderson987

Bennett purchased a tract of land for $20,000 in 2014 when he heard that a new highway was going to be constructed through the property and the land would soon be worth $200,000. The highway project was abandoned in 2020 and the value of the land fell to $15,000. Bennett can claim a loss in 2020 of: a.$180,000 b.$5,000 c.$165,000 d.$0 e. None of these choices are correct.

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Bennett purchased a tract of land for $20,000 in 2014 when he heard that a new highway was going to...