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Kelly West Spinning Studio just bought two exercise bikes for $3800 pre-tax. Kelly paid $190 in taxes, $60 for a 1-year warranty, and $150 installation
Kelly West Spinning Studio just bought two exercise bikes for $3800 pre-tax. Kelly paid $190 in taxes, $60 for a 1-year warranty, and $150 installation fees. Before the bikes were used for cycling and spinning workout classes, Kelly decided to pain the bikes her favorite color green, costing her $300. What amount would Kelly capitalize to equipment for this purchase?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
