Manassas purchased a computer several years ago for $2,600. On November 10^th of the current year, the computer was worth $ 880. If $1,080 of depreciation deductions had been taken, what is Manassas's tax-adjusted basis for the computer?

Question

Quizplus · Accepted Answer

The Answer of Manassas purchased a computer several years ago for $2,600. On November 10^th of the current year, the computer was worth $ 880. If $1,080 of depreciation deductions had been taken, what is Manassas's tax-adjusted basis for the computer?

Manassas Purchased a Computer Several Years Ago for $2,600