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During the Current Year, Tony Purchased New Car Wash Equipment

Question 20

Multiple Choice

During the current year, Tony purchased new car wash equipment for use in his service station business. Tony's costs in connection with the new equipment this year were as follows: During the current year, Tony purchased new car wash equipment for use in his service station business. Tony's costs in connection with the new equipment this year were as follows: What is Tony's basis in the car wash equipment? A) $49,000 B) $49,600 C) $52,600 D) $54,600 What is Tony's basis in the car wash equipment?


A) $49,000
B) $49,600
C) $52,600
D) $54,600

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