What be reported as cost basis for macrs seven-year property, Financial Accounting

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What be reported as cost basis for macrs seven-year property

Problem

Savings-R-Us., purchases the following assets during the year: Laptops $ 50,000 Vehicles to Transport Inventory 100,000 Office Furniture 25,000 Light Fixtures for Office 10,000 Tools to Fix Computers 5,000 What should be reported as the cost basis for MACRS seven-year property?

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Financial Accounting: What be reported as cost basis for macrs seven-year property

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Financial Accounting: What be reported as cost basis for macrs seven-year property

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