Depreciation for the old computer was 800 year 1 1280 year
A company pays $5000 in cash and trades in their old computer for a new one. The old computer's cost basis was $4000. Depreciation for the old computer was $800 year 1, $1280 year 2 and $384 year 3. What is the cost basis for the new computer?
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a company pays 5000 in cash and trades in their old computer for a new one the old computers cost basis was 4000
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