which of these items are included in the calculation of an asset's adjusted basis? add costs necessary to prepare the asset for use in the business, start with the asset's original basis, subtract ordinary repair expenses, add acumulated depreciation actually taken on the asset, subtract prior depreciation allowed or allowable on the asset, add additional costs for routine maintenance on the asset

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In the calculation of an assets adjusted basis the following items are included Add costs necessa... View the full answer