Rita owns a truck costing $14,000 and used for personal activities. The truck has a $9,300 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 Rita's realized gain or loss if the truck is sold for $11,000 after claiming depreciation of $8,000? Requirement a. What is the basis of the truck for determining depreciation? The basis of the truck for determining depreciation is $ 9,300 Requirement b. What is Rita's realized gain or loss if the truck is sold for $11,000 after claiming depreciation of $8,000? (Use parentheses or a minus sign to enter a loss.) Rita will realize a gain or loss of