Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file
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Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. What is the depreciable basis that Brittany should use in her business for each asset, given the following information?
FMV at Time Converted Asset Purchase Price to Business Use Computer $2,500 $ 800 Printer 300 150 Desk 1,200 1,000 File cabinet 200 225
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Related Book For 
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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