owns a truck costing 14,000 and used for personal activities. The truck has a 10,000 FMV when it is transferred to her wholly owned corporation, Tamtam, Inc, and subsequently used in that business. Requirements a. What is the basis of the truck to Tamtam for determining depreciation? b. What is Tamtam's realized gain or loss if the truck is sold for 11,000 after claiming depreciation of 8,000?