If a problem is asking for the cost basis for depreciation, the given cost base price being $150,000,$ the tax and delivery being $10,000,$ and the salvage value being $10,000,$ would the cost basis be $160,000($base price $+$ tax and delivery$)?$ Also$-$ would this also be considered the depreciable basis, or would that be something different?

Answer rating: 100% (QA)

The cost basis for depreciation generally includes the original cost of the asset ... View the full answer