What is the niece''s basis for depreciation (cost recovery)


Tiffany gives her niece a machine to use in her business with a fair market value of $100,000 and a basis in Tiffany's hands of $150,000. What is the niece's basis for depreciation (cost recovery)?

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Accounting Basics: What is the niece''s basis for depreciation (cost recovery)
Reference No:- TGS052519

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