Jane purchased machinery on April 8 of the current year. The relevant costs for the...
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Accounting
Jane purchased machinery on April 8 of the current year. The relevant costs for the year are as follows: machinery purchase price of $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for an annual tune up in September, and $200 for personal property taxes assessed in December. What is Jane's tax basis for the machinery?
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