Stanwick a self-employed individual purchased a piece of, Financial Accounting

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Stanwick a self-employed individual purchased a piece of

Stanwick, a self-employed individual, purchased a piece of equipment for use in his business. The costs associated with the acquistion were $55,000 purchase price, $725 delivery charge, $300 installation fees, and sales tax of $3,400. What is the depreciable basis of Stanwick's equipment?

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Financial Accounting: Stanwick a self-employed individual purchased a piece of

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Financial Accounting: Stanwick a self-employed individual purchased a piece of

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