2. Ricardo purchased a personal computer for $3,000 two years ago. He used the computer exclusively for
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2. Ricardo purchased a personal computer for $3,000 two years ago. He used the computer exclusively for personal use until this year. In the current year, when the computer is worth $1,000, Ricardo begins using it exclusively in his sole proprietorship. What basis must Ricardo use in calculating his depreciation on the computer?
a. $3,000
b. $2,000
c. $1,000
d. $0
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