Find initial depreciation value of asset by current tax law
A firm purchased an asset with a 5-year life for $80,000, and it cost $5,000 for shipping and $10,000 for installation. According to the current tax laws the initial depreciation value of the asset is
a. $95,000
b. $90,000
c. $85,000
d. $80,000
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A firm purchased an asset with a 5-year life for $80,000, and it cost $5,000 for shipping and $10,000 for installation. According to the current tax laws the initial depreciation value of the asset is?
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