Accounting 11) Jill purchased a printing press for her business on 6/15/21 costing $60,000. The installation cost $2,000 and the sales tax was $5,000. (a)What is Jill's basis in the equipment?...

11) Jill purchased a printing press for her business on 6/15/21 costing $60,000. The installation cost $2,000 and the sales tax was $5,000.

(a)What is Jill's basis in the equipment?

(b)Using the info in question 11, what is the amount of depreciation for 2021?

Jun 09, 2022

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