Nicko Corporation (a calendar-year corporation) purchased a new machine (7-year property) in July 2015 for...
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Nicko Corporation (a calendar-year corporation) purchased a new machine (7-year property) in July 2015 for $20,000. Nicko did not elect Section 179 for this asset but did claim 50 percent bonus depreciation. In November 2018, Nicko sells the machine. What is the machines adjusted basis at the date of sale?
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