Janey Purchased Machinery on April 8s1u1p1ths1s1p0 of the Current Year.the

Question 83

Janey purchased machinery on April 8th of the current year.The relevant costs for the year are as follows: machinery for $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for the annual tune-up, and $200 of property taxes (an annual tax on business property).What is Janey's tax basis for the machinery?