Question

A new machine with a purchase price of $88,588.00, with transportation costs of $7,887.00, installation costs...

A new machine with a purchase price of $88,588.00, with transportation costs of $7,887.00, installation costs of $6,232.00, and special acquisition fees of $2,101.00. Calculate a cost basis.

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Answer #1

cost basis of machine = $ 104,808.00

Explanation

Cost of Machine
$
Purchase price          88,588.00
Transportation costs            7,887.00
Installation costs            6,232.00
Special acquisition fees            2,101.00
Total 104,808.00
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