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What is the depreciable basis of the equipment for starr

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Reference no: EM132843491

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?

Option 1: $59,125
Option 2: $58,400
Option 3: $59,425
Option 4: $55,000

Reference no: EM132843491

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