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What is blakes depreciable basis for the machine

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Question

David decided to give Blake a machine for use in Blake's business. David originally paid $38,000 for the machine. David took $9,500 in depreciation on the machine before giving it to Blake. The FMV at the time of the gift was $40,000. Blake paid $250 to ship the machine to his location. What is Blake's depreciable basis for the machine?

Reference no: EM132409080

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