B&P Inc., a calendar year corporation, purchased only one operating asset during 2015: $99,900 of computer equipment (5-year recovery property) placed in service on March 18. Assuming that B&P makes a Section 179 election, compute B&P's adjusted tax basis in the property at the end of 2015.

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The Answer of B&P Inc., a calendar year corporation, purchased only one operating asset during 2015: $99,900 of computer equipment (5-year recovery property) placed in service on March 18. Assuming that B&P makes a Section 179 election, compute B&P's adjusted tax basis in the property at the end of 2015.

B&P Inc, a Calendar Year Corporation, Purchased Only One Operating Asset