question 1:

a. a new machine with a purchase price of 84028 with transportation costs of 7792, instillation costs of 5139 and a special aquisition fees of 1955. calculate cost basis.

select one: ($)

89167

91122

98914

84028

b. a fixed asset with a cost of 52895 and accumliated depreciation of 44960.75 is traded for a similiar assset priced at 73372. assuming a trade in allowance of 4814, the recognized loss on the trade is

select one ($)

4184

3120.25

7934.25

28411.25