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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?
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, indicating optimal decision-making among competitors.
Michigan Football
The football team representing the University of Michigan, known for its history and achievements in college football.
Gain Yards
A term often used in American football to describe the act of advancing the ball closer to the opposing team's goal line.
Probability .50
A statistical measure indicating that an event has an equal chance of occurring or not occurring, often represented as a 50% chance.
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