Solve for depreciable basis.

Meg O'Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $2,300. Because the equipment is out of production and no longer avallable, the property is currently worth $6,050. Meg has decided to begin a new jewelry manufacturing trade or business. What is her depreciable basis for depreciating the equipment