Question 8 O out of 1 points David decided to give Blake a machine for use in Blake's business. David originally paid $38,000 for the machine. David took $9,500 in depreciation on the machine before giving it to X Blake. The FMV at the time of the gift was $40,000. Blake paid $250 to ship the machine to his location. What is Blake's depreciable basis for the machine? Selected Answer: $28,500 Answers: $30,500 $30,750 $28,750 $38,250 $28,500 Question 9 O out of 0.5 points At Kevin's date of death he owned a house valued at $250,000. He originally purchased it for $125,000. Six months after his death it is valued at $255,000. You inherit this house. X What is your basis? Selected Answer: $125,000 Answers: $255,000 $250,000 $0 $125,000 Sunday, November 1, 2020 7:02:28 PM EST