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Arnie, A college student, purchased a truck in 2013 for $6000. He used the truck 70% of the time as a distibutor for the local

Arnie, A college student, purchased a truck in 2013 for $6000. He used the truck 70% of the time as a distibutor for the local newpaper and 30% of the time for personal use. They truck has a five-year recovery period, and he claimed deprciation deductions of $840 in 2013 and $1344 in 2014. Arnie sells the ruck on June 20, 2015 for $3000. A) What is the amount of allowbale depreciation in 2015? Explain your answer. B) Determine Arnie's realized gain and recognized gain or loss and its character.

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