Susan Sweets is a 40 percent shareholder in Acclaim Inc., a theatrical supplies company.

Susan Sweets is a 40 percent shareholder in Acclaim Inc., a theatrical supplies company. She transfers a fully depreciated car with a value of $2,000 to the corporation, but does not receive any consideration for it.

Susan Sweets is a 40 percent shareholder in Acclaim Inc., a theatrical supplies company. Shetransfers a fully depreciated car with a value of $2,000 to the corporation, but does not receive any...