(Answered) Question - brie gives her niece a machine to use in her

Accounting

Question - Brie gives her niece a machine to use in her business with a fair market value of $6,500 and a basis in Brie's hands of $7,500. What is the niece's basis for depreciation (cost recovery)?

a. $0.

b. $1,000.

c. $6,500.

d. $7,500.

e. None of the above.

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