the lemon laws may not apply to business vehicles. this depends on your state's laws
if not you sold a business vehicle for $45,000
that had a cost of $48,000 + registration fees and sales taxes.
no depreciation would be allowed because the vehicle was acquired and disposed of in the same year. so you should end up with a loss of $3,000 +
we can't see what you entered so have no idea why you had such a gain.
