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Business, 20.03.2020 09:14 yfnal3x

Tina owns a truck costing $ 21 comma 000 and used for personal activities. The truck has a $ 10 comma 000 FMV when it is transferred to her business, which is operated as a sole proprietorship. Requirements a. What is the basis of the truck for determining depreciation? b. What is Tina's realized gain or loss if the truck is sold for $ 8 comma 000 after claiming depreciation of $ 1 comma 500?

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Tina owns a truck costing $ 21 comma 000 and used for personal activities. The truck has a $ 10 comm...
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