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. What is the depreciable basis that Brittany should use in her business for each asset, given the following information?

Asset Purchase Price FMV at Time Converted

Computer $2,500 $600

Printer $300 $150

Desk $1,200 $900

File cabinet $200 $225