Dennis Purchased a Machine for Use in His Business What Is the Amount of Mr

question 106

Multiple Choice

Dennis purchased a machine for use in his business. Mr. Dennis' costs in connection with this purchase were as follows: $$\begin{array} { | l | r | } \hline \text { Note to seller } & \$ 33,000 \\\hline \text { Cash paid to seller } & 5,000 \\\hline \text { State sales tax } & 2,400 \\\hline \text { Freight to place of business } & 1,500 \\\hline \text { Wages paid to workers to install machine } & 4,200 \\\hline\end{array}$$ What is the amount of Mr. Dennis' basis in the machine?

• A) $33,000
• B) $40,400
• C) $41,900
• D) $46,100

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Possessives

Grammatical constructs that denote ownership or a relationship to something.

Preschool-age Child

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