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Janice purchased machinery on April 8th of the current year. The relevant costs for the year are as follows: machinery for $10,000, $250 shipping, $20
Janice purchased machinery on April 8th of the current year. The relevant costs for the year are as follows: machinery for $10,000, $250 shipping, $20 for delivery insurance, $5,000 for installation, $750 for sales tax, $250 for the annual tune-up, and $400 of property taxes (an annual tax on business property). What is Janice's tax basis for the machinery? Please enter a number with no $ or commas
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