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If property is converted from personal-use property to business property, the depreciable cost basis is which of the following? Cost of the asset. FMV of
If property is converted from personal-use property to business property, the depreciable cost basis is which of the following? Cost of the asset. FMV of the asset. The cost of a new similar asset at the date of conversion. The lower of the cost or FMV at the date of conversion
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