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Barber Corporation purchased all the assets of TECO Corporation for $1,820,000. An appraisal yielded the following: the building had a fair market value of $1,200,000; equipment a value of $1,000,000; and office equipment a value of $400,000. What is the depreciable basis for the office equipment?

a. $400,000

b. $300,000

c. $280,000

d. $250,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965759

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