Which of the following is NOT usually included in an asset's tax basis?
A) Purchase price
B) Sales tax
C) Shipping costs
D) Installation costs
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

All the listed costs (purchase price, sales tax, shipping costs, and installation costs) are typically included in an asset's tax basis as they are part of the total cost to acquire and prepare the asset for use.

Which of the Following Is NOT Usually Included in an Asset's