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30 May, 20:19

Equipment was purchased for $50,000 plus $2,500 in freight charges. Installation costs were $1,500 and sales tax totaled $1,000. Hiring a special consultant to provide advice during the selection of the equipment cost $3,000. What is this assetâs depreciable basis? a. $58,000b. $57,000c. $51,000d. $55,000

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  1. 31 May, 00:15
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    It would be A!

    Explanation: $50,000 (equipment) + $2,500 (freight charges) + $1,500 (installation cost) + $1,000 (sales tax) + 3000 (cost to hire special consultant=58,000
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