A building with an appraisal value of $157,000 is made available at an offer price of $180,000. The purchaser acquires the property for $50,000 in cash, a 90-day note payable for $46,000, and a mortgage amounting to $75,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is Your Answer: Answer Question 16 (5 points) A machine with a cost of $110,000 has an estimated residual value of $8,000 and an estimated life of 8 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? Your