Janey purchased machinery on April 8th of the current year. The relevant costs for the year are as follows:

Janey purchased machinery on April 8th of the current year. The relevant costs for the year are as follows: machinery for $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for annual tune up, and $200 of property taxes (an annual tax on business property). What is janey’s tax basis for the machinery?

 

 

Order Now