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andriy [413]
2 years ago
14

a new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special

acquisition fees of $6,000, would have a cost basis of:
Business
1 answer:
egoroff_w [7]2 years ago
6 0

Based on the information given the cost basis is $132,000.

Using this formula

Cost basis=Purchases price+ Transportation costs + Installation costs +  Special acquisition fees

Where:

Purchases price=$109,000

Transportation costs=$12,000

Installation costs=$5,000

Special acquisition fees=$6,000

Let plug in the formula

Cost basis=$109,000+$12,000+$5,000+$6,000

Cost basis=$132,000

Inconclusion the cost basis is $132,000.

Learn more about cost basis here:brainly.com/question/15637366

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