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Determine hazels adjusted basis in the asset at the time

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Hazel purchased a business asset (5-year property) on March 10, 2019, at a cost of $80,000. She did not elect to expense any of the cost under Section 179 and elected out of bonus depreciation. Hazel sold the asset on January 20, 2020. Determine Hazel's adjusted basis in the asset at the time of sale.

Reference no: EM132405394

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