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Which of the following amounts is Jacob Jones adjusted basis in a printing machine whose initial cost was $11,490, including $900 in commission and legal
Which of the following amounts is Jacob Jones adjusted basis in a printing machine whose initial cost was $11,490, including $900 in commission and legal fees, and on which he has taken $1,200 in depreciation?
Question 8 options:
| $9,390 |
| $10,290 |
| $11,190 |
| $11,490 |
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