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They decide to sell the asset in october of 2016 what is

Question - Abbey Inc. purchased a $60,000 machine in March of 2013. The machine is a 5-year property. Abbey did not elect a Section 179 expense but did claim the 50% bonus depreciation. They decide to sell the asset in October of 2016. What is their basis in the machine on the date of sale?

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Accounting Basics: They decide to sell the asset in october of 2016 what is

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Accounting Basics: They decide to sell the asset in october of 2016 what is

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