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Problem 10-42 (LO 10-1) (Algo) Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased
Problem 10-42 (LO 10-1) (Algo) Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. Asset Computer Printer Desk File cabinet Purchase Price $ 7,800 5,600 6,500 5,500 FMV at Time Converted to Business Use $ 6,100 5,450 6,300 5,525 Using the above information, what is the depreciable basis that Brittany should use in her business for each asset? Asset Depreciable Basis Computer Printer Desk File cabinet
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