Drew recently purchased a new machine for his business the
Drew recently purchased a new machine for his business. The price of the machine was $12,000, but Drew also paid $100 in sales tax, $300 in freight, and $1,000 in installation and testing costs. What is Drew's basis in the new machine?
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drew recently purchased a new machine for his business the price of the machine was 12000 but drew also paid 100 in
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reggie purchased 100 shares of sportsfan inc five years ago for 5000 he just gave those shares to his son rj and the
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