What is the tax depreciation basis of the new tractor
A tractor with an adjusted basis (from depreciation) of $65,000 is sold for $60,000 and a new tractor is purchased with a cash payment of $330,000. There are 2 seperate transactions. What is the tax depreciation basis of the new tractor?
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A tractor with an adjusted basis of $65,000 is sold for $60,000 and a new tractor is purchased with a cash payment of $330,000. There are 2 seperate transactions. What is the tax depreciation basis of the new tractor?
A loader cost $326,000 with a set of tires costing $26,000. The loader can be sold after 6 years (2,800 hours operated per year) @ $75,000. The companies cost of capital rate (i) is 6.31%. What is the depreciation part of the machine's ownership c
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