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

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. What is the depreciable basis that Brittany should use in her business for these assets, given the following information?

ASSET:PURCHASE PRICE:FMV AT TIME OF CONVERSION TO BUSINESS USE:Computer

5, 5003, 800

Printer

3, 3003, 150

Desk

4, 2004, 000

File Cabinet

3, 2003, 500

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