Kendra bought equipment for $30,000 on 4/1/2019. She sold the equipment on 9/1/2021. She took depreciation deductions of
Posted: Thu May 19, 2022 2:14 pm
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
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