nicky receives a car from sam as a gift. sam paid $48,000 for the car. sam had used it for business purposes and had deducted $10,000 for depreciation up to the time she gave the car to nicky. the fair market value of the car is $33,000. question content area a. if nicky uses the car for business purposes, what is her basis for depreciation? $fill in the blank 49a7fa00df83fdb 1 . question content area b. assume that nicky deducts depreciation of $6,500 and then sells the car for $32,500. what is her recognized gain or loss? her recognized is $fill in the blank 70a7b101b045f88 2 . question content area c. assume that nicky deducts depreciation of $6,500 and then sells the car for $20,000. what is her recognized gain or loss? her recognized is $fill in the blank 99ad6302607700c 2 .