Purchase: FMV times business use = $7610.24
Depreciation of $6414
Cost basis now is $7610.24-6414 = $1196
Sale price $744
Gain of $1196-744 = $452
Thomas just switched the order of listing, a simple accident that changed the math.
The example you submit is very different and states that standard mileage was used. I did answer that question as well and my response is here.
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