A business is purchased for 250000 the fair market value

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A business is purchased for 250,000. The fair market value of assets are equipment 90,000, building 135,000, and goodwill 15,000. What is the cost basis for each asset?

Reference no: EM13615045

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A business is purchased for 250000 the fair market value : a business is purchased for 250000. the fair market value of assets are equipment 90000 building 135000 and goodwill

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