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(TCO 6) Tiffany gives her niece a machine to use in her business with a...

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Accounting

(TCO 6) Tiffany gives her niece a machine to use in her business with a fair market value of $100,000 and a basis in Tiffany's hands of $150,000. What is the niece's basis for depreciation (cost recovery)? (Points : 5)

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