Kim owns a truck costing $$14,000$ and used for personal activities. The truck has a $$9,100$

fair market value $($FMV$)$ when it is transferred to her business, which is operated as a sole

proprietorship.

Requirements

a$.$ What is the basis of the truck for determining depreciation?

b$.$ What is Kim's realized gain or loss if the truck is sold for $$10,000$ after claiming

depreciation of $$8,000?$