Question
Jonathon is a manager at a local car dealer. One of the perks is being able to buy new cars for personal use at a
Jonathon is a manager at a local car dealer. One of the perks is being able to buy new cars for personal use at a discount. He pays $30,000 for a new SUV that has a retail price of $51,000. His dealership paid $38,000 for the SUV earlier in the year. What will be Jonathons basis in the SUV
$38,000
$51,000
$30,000
$43,000
The answer is $38,000
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Corporate And Project Finance Modeling Theory And Practice
Authors: Edward Bodmer
1st Edition
1118854365, 9781118854365
