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Compute the adjusted basis of the equipment

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Question - On February 10, 2016, James Company purchased a 5-year property for $85,000. The company did not claim any election to expense or bonus depreciation. On October 1, 2020, the Office Equipment was sold. Compute the Adjusted Basis (Book Value) of the equipment on the date of sale. Do not compute any gain or loss from the sale.

Reference no: EM132996998

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