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Marquise sells a personal automobile ( adjusted basis of $ 2 5 , 0 0 0 ) for $ 2 0 , 0 0 0

Marquise sells a personal automobile

(

adjusted basis of $

25, 000)

for $

20, 000

during the year. Marquise also sells an ATV

(

adjusted basis of $

11, 000)

for $

15, 000 .

As a result of these transactions

,

Marquise :

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