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Opeth, Inc. purchased new equipment for their production facility in Blackwater Park, OK. The cost of the equipment was $95,828 plus $1,392 in freight charges.
Opeth, Inc. purchased new equipment for their production facility in Blackwater Park, OK. The cost of the equipment was $95,828 plus $1,392 in freight charges. Installation costs were $3,606 and sales tax totaled $4,594. The increase in net working capital was $4,893. Expected annual operating costs for the equipment are $4,865. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
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