Two years ago,Warren purchased a computer for $4,000. Until this year, he used it exclusively for personal
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Two years ago,Warren purchased a computer for $4,000. Until this year, he used it exclusively for personal purposes. At the beginning of the current year,Warren opened a consulting business and began using the computer solely for business purposes. At the time he began his business,Warren’s computer was worth $600.
What basis must Warren use in calculating his depreciation on the computer?
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Related Book For
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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