9. Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $37,750. In addition, Jose incurred the following expenses before using the van: shipping costs of $1,250; paint to match the other fleet vehicles at a cost of $1,280; registration costs of $2,332, which included $2,100 of sales tax and an annual registration fee of $232; wash and detailing for $59; and an engine tune-up for $292.

What is Jose's cost basis for the delivery van?

10. Meg O'Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $1,500. Because the equipment is out of production and no longer available, the property is currently worth $4,000. Meg has decided to begin a new jewelry manufacturing trade or business.

What is her depreciable basis for depreciating the equipment?

11. Meg O'Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $1,720. Because the equipment is out of production and no longer available, the property is currently worth $6, 100. Meg has decided to begin a new jewelry manufacturing trade or business.

What is her depreciable basis for depreciating the equipment?

The following information applies to the questions displayed below.]

Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $143,000. The appraised fair market value of the warehouse was $93,000, and the appraised value of the land was $146,250. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

a. What is Bob's basis in the warehouse and in the land?

Warehouse______

Land______