Julie transferred a personal-use computer to her sole proprietorship.The computer originally cost her $3,000. At the date
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Julie transferred a personal-use computer to her sole proprietorship.The computer originally cost her $3,000. At the date of transfer, the computer had a fair market value of $1,000. Explain how both Julie and the sole proprietorship will treat this for tax purposes.
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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