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Business, 25.01.2020 00:31 jalalblal

Joe hall owns a limousine for use in his personal service business of transporting passengers to airports. the limousine's adjusted basis is $40,000. in addition, hall owns his personal residence and furnishings, that together cost him $280,000. hall's capital assets amount to

a) $320,000
b) $280,000
c) $40,000
d) $0

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