question archive Meredith Grey received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years
Meredith Grey received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years
Subject:AccountingPrice: Bought3
Meredith Grey received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $1,948, the property is currently worth $1,456. Meredith has decided to begin a new jewelry manufacturing trade or business. What is her depreciable basis for depreciating the equipment?
