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Jaussi purchased a computer several years ago for $2,200 and used it for personal purposes. On November 10 th of the current year, when the fair market value of the computer was $800, Jaussi converted it to business use. What is Jaussi's tax basis for the computer?
Herfindahl-Hirschman Index
A measure of market concentration to evaluate the potential for anticompetitive behavior or monopolies within an industry.
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product that is homogeneous across sellers, leading to price determination by market forces.
Perfectly Competitive
A market structure characterized by many buyers and sellers, with all firms selling identical products and no barriers to entry.
Herfindahl-Hirschman Index
A measure of market concentration used to evaluate the level of competition within an industry.
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