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Jestion 62 of 75. issel purchased a new machine for use in his business. He incurred the following costs with the purchase, $2,500 cash paid
Jestion 62 of 75. issel purchased a new machine for use in his business. He incurred the following costs with the purchase, $2,500 cash paid $11.000 financed, a $300 delivery arge, and a $200 installation charge. Russel's basis in the machine is > $2,500 $3,000 $13,500 $14,000 800 Mark for follow up estion 63 of 75
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