Kevin purchased 5,000 shares of Purple Corporation common stock at $10 per share. Two years later, he receives a nontaxable stock dividend of 250 shares of Purple Corporation common stock. At that time, the et value of $12.50 per share. What is the total basis of the Purple Corporation stock and the per share basis? $50,000 total basis in stock, $10 basis per share for the original stock and $0 basis per share for the dividend $50,000 total basis in stock. $9.52 basis per share Ralph gives his daughter, Angela, stock. His basis in the stock was $8,000. The fair market value of the market value of the stock at the time of the gift was $6,000. No gift tax is paid. If Angela subsequently sells the stock for $10,000, What is her recognized gain? Melody makes a gift to her niece of a machine to use in her business with a fair market value of $8,500 and a basis in Melody's hands of $9,500. What is the niece's basis for depreciation (cost recovery)