At her death Emily owned real estate worth $2.5 million and other property worth $10 million. Property taxes of $200,000 were accrued on the real estate at the time of Emily's death. Which of the following is a true statement with respect to these items without considering any other owned property?
A. Emily's estate tax base is $12.5 million.
B. Emily's taxable estate is $12.5 million.
C. Emily's gross estate is $12.3 million.
D. Emily's adjusted gross estate is $12.3 million.
E. None of the choices are true.
Answer: D
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