What was the assets original cost basis
Question: The book value of an asset that is listed as a 10-year MACRS property is $49,500 after the first year. If the asset's estimated salvage (market) value is $5000 after its 15-year useful life, what was the asset's original cost basis?
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If the asset's estimated salvage (market) value is $5000 after its 15-year useful life, what was the asset's original cost basis?
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