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US TAX Nigel purchased a blending machine for $150,000 for use in his business. As to the machine, he has deducted $32,200 of depreciation, maintenance
US TAX
Nigel purchased a blending machine for $150,000 for use in his business. As to the machine, he has deducted $32,200 of depreciation, maintenance costs of $5,200, and repair costs of $4,000. Calculate Nigel's adjusted basis for the machineStep by Step Solution
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