Kendra bought equipment for $30,000 on 4/1/2019. She sold the equipment on 9/1/2021. She took depreciation deductions of

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answerhappygod
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Kendra bought equipment for $30,000 on 4/1/2019. She sold the equipment on 9/1/2021. She took depreciation deductions of

Post by answerhappygod »

Kendra bought equipment for $30,000 on 4/1/2019. She sold the
equipment on 9/1/2021. She took depreciation deductions of $15,600,
and spent $2000 on repairing the equipment. She also spent $7000 on
an overhaul of the equipment that exteneded the life of the
equipment by 4 years. What is her adjuted basis in the machine? a.
$14,400 b. $30,000 c. $16,400 d. $21,400
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