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Amy purchased an office building for her business, at $ 580,000 (including $ 100,000 for the land) and the sales tax was $ 10280, The
Amy purchased an office building for her business, at $ 580,000 (including $ 100,000 for the land) and the sales tax was $ 10280, The legal fees were $ 5,000, she paid $ 25,800 for improvements made to the building.to the building. She also paid $ 3580 for minor repairs and maintenance. During the previous years, assume the acumulated depreciation $ 48,500. What is the adjusted basis of the building for the current year,
- $ 476,160
- $ 472,580
- $ 572,580
- $ 576,160
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