Sebastian bought appliances to install in his rental property for $1,750. In addition to the purchase price, he paid $131 sales tax. Sebastian purchased the appliances using his store credit card and ended up paying $283 in finance charges on the purchase. What is Sebastian's basis in the appliances?

Answer rating: 100% (QA)

Sebastians basis in the appliances includes not only the purchase price but also an... View the full answer