Harry sells the automobile he has used in his job as a salesman for $2,000. It cost

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Harry sells the automobile he has used in his job as a salesman for $2,000. It cost

$15,000 four years earlier. Harry used the automobile 70% of the time in his job and 30% of the time for personal purposes. At the date of sale, Harry had taken $10,000 in depreciation on the car.

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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