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  3. carrie owns a truck costing $13,000 and used for p

Carrie owns a truck costing $13,000 and used for personal activities. The truck has a...

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Question

Accounting

Carrie owns a truck costing $13,000 and used for personal activities. The truck has a $9,900

FMV when it is transferred to her business, which is operated as a sole proprietorship.

Please work this problem step by step for me.

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