The Browser Company purchases a computer in August 2011 for $100,000. Browser elects not to claim bonus

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The Browser Company purchases a computer in August 2011 for $100,000. Browser elects not to claim bonus depreciation and does not elect to expense the asset but wants to claim the maximum depreciation. In May 2014, the company sells the computer. Calculate the adjusted basis of the computer at the date of sale.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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