LO$\mathrm{.}1,2,3,4$ 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.$

a$.$ Assuming that Nicky uses the car for business purposes, what is her basis for depreciation?

b$.$ Assume that Nicky deducts depreciation of $$6,500$ and then sells the car for $$32,500.$ What is her recognized gain or loss?

c$.$ Assume that Nicky deducts depreciation of $$6,500$ and then sells the car for $$20,000.$ What is her recognized gain or loss?