Business, 09.10.2019 22:00, bks53

Jack and diane decided to remodel their kitchen. they removed their old cabinets and replaced them with newer, nicer cabinets. they installed the old cabinets in a rental home that they own and lease to other people. the original cost of the old cabinets was $6,000. the fair market value on the date they were installed in the rental house was $2,500. the cost of the new cabinets was $11,000. what amount should jack and diane use as the basis for depreciation for the cabinets that have been installed in the rental property?

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Jack and diane decided to remodel their kitchen. they removed their old cabinets and replaced them w...