Business, 09.09.2019 22:30, ashleywoo21361

Meg o’brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. her father originally purchased the equipment for $1,500. because the equipment is out of production and no longer available, the property is currently worth $4,000. meg has decided to begin a new jewelry manufacturing trade or business. what is her depreciable basis for depreciating the equipment?

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Meg o’brien received a gift of some small-scale jewelry manufacturing equipment that her father had...