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ACCT 323 INCOME TAX I QUIZ III
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ACCT 323 INCOME TAX I QUIZ III 1) Estelle owns a pickup truck costing $16,000 that she uses in her personal activities. The truck had a $10,000 FMV when it was transferred to Estelle’s business, which she operates as a sole proprietorship. a. What is Estelle’s basis in the truck for calculatin...
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