Bruce purchased new machinery for his business in August of the current tax year. The original cost

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Bruce purchased new machinery for his business in August of the current tax year. The original cost of the machinery was $195,000. He had the following expenses related to the new machinery:

Enhancements to the equipment made in August - $4,800 Repairs - $3,215 Depreciation - $39,000 Shipping - $7,800

Installation - $10,450

What is the adjusted basis of the machinery at the end of the year?

a) $179,050

b) $213,250

c) $218,050

d) $182,265

Posted Date: May 18, 2024 07:06 PM

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Bruce purchased new machinery for his business in August of the current tax year. The original cost

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