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Business, 11.03.2020 18:09 blubs6103

Mr. Y, a sole proprietor, purchased a new van to be used in his delivery business. He paid $500 in state sales taxes on the purchase. Mr. Y may elect to capitalize the $500 and include it in the basis. True. False.

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Mr. Y, a sole proprietor, purchased a new van to be used in his delivery business. He paid $500 in s...
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