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The following questions relate to the sale of the truck: (1) What is the adjusted basis of the truck? (2) What is the realized gain

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The following questions relate to the sale of the truck: (1) What is the adjusted basis of the truck? (2) What is the realized gain on the truck? (3) What amount of the gain is taxed according to $1245 rules? (4) What amount of the gain is taxed as ordinary income

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