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You purchase a new car for your business for $27,000 and trade in the old one for $2,500. You customize the vehicle with your companys
You purchase a new car for your business for $27,000 and trade in the old one for $2,500. You customize the vehicle with your companys decals and other enhancements for $1,600. What is your cost basis for the vehicle?
$27,000
$28,600
$26,100
Something else
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