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Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several
Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. Purchase FMV at Time Converted to Business Use Asset Price Computer $ 7,400 Printer 5,200 Desk 6,100 File cabinet 5,100 $ 5,700 5,050 5,900 5,125 Using the above information, what is the depreciable basis that Brittany should use in her business for each asset? Depreciable Basis Asset Computer Printer es Desk File cabinet
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