1. Read the following problem: Catherine Travis is starting a new business. She has several assets that she wants to use in her business that she has been using personally. Since she plans to convert several assets from personal to business use, she will need to find out how much each asset is worth so she can determine her basis for depreciating the assets. Catherine has decided that getting an appraisal would be too costly so she simply uses her cost basis for the assets. What do you think of Catherine's strategy for determining her business asset bases?
2. Using the research skills you have learned, access RIA Checkpoint and research the advisability of Catherine's plan to use her cost basis as the basis for depreciation of the assets.
3. Post your findings on the discussion board.
   1. State the issue
   2. State your conclusion based on your findings
   3. Provide an analysis explaining why you believe your findings address the question at hand
   4. Provide proper tax research citations in your analysis.
4. Respond to two of your classmates. You will not be able to see other classmates' posts until you make your initial post.