Equipment was purchased for $250,000 plus $500 in freight charges. Installation costs were $750 and sales tax totaled $18,750. Hiring a special consultant to provide advice during the selection of the equipment cost $500. What is this asset's depreciable basis?
A) $270,500
B) $270,000
C) $269,250
D) $268,750
Correct Answer:
Verified
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