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What is the depreciable basis of the equipment

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Reference no: EM132824922

Starr, a self-employed individual, purchased a piece of equipment for use in Starr's business. The costs associated with the acquisition of the equipment were:

Purchase price $55,000
Delivery charges $725
Installation fees $300
Sales tax $3,400

Problem 1: What is the depreciable basis of the equipment?

A. $55,000

B. $58,400

C. $59,125

D. $59,425

Reference no: EM132824922

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