Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law

school $($several years ago$)$ that she is planning to use in her business.

Using the above information, what is the depreciable basis that Brittany should use in her business for each asset?Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school $($several years ago$)$ that she is planning to use in her business.

Asset Purchase Price FMV at Time Converted to Business Use

Computer $ $7,700$ $ $6,000$

Printer $5,5005,350$

Desk $6,4006,200$

File cabinet $5,4005,425$

Using the above information, what is the depreciable basis that Brittany should use in her business for each asset?