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8. How is the basis of property received by gift determined for depreciation, gain, or...

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Accounting

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8. How is the basis of property received by gift determined for depreciation, gain, or loss purposes if the fair market value of the property is greater than the donor's basis? Explain. 9. How is the basis of property received by gift determined for depreciation, gain, or loss purposes if the fair market value of the property is less than the donor's basis? Explain. 25. What is the logic of depreciation recapture

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