Jordan Paid $30,000 for Equipment Two Years Ago and Has

Multiple Choice

Jordan paid $30,000 for equipment two years ago and has claimed total depreciation deductions of $15,600 for the two years.The cost of repairs during the same time period was $2,000 while a major overhaul which extended the life of the equipment cost $7,000.What is Jordan's adjusted basis in the equipment at the end of the two-year period?

A) $14,400
B) $16,400
C) $21,400
D) $30,000