Solved: What is janeys tax basis for the machinery, Accounting Basics

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What is janeys tax basis for the machinery

Question:

janey paurchased macinery on april 8th of the current year. the relevant costs for the year are as follows: machinery for 10000, 800 shipping, 50 for delivering insurance, 500 for instalation,750 for sales tax, 150 for the annual tune up, and 200 of property taxes. What is janey's tax basis for the machinery?

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Accounting Basics: What is janeys tax basis for the machinery

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Accounting Basics: What is janeys tax basis for the machinery

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