Manassas Purchased a Computer Several Years Ago for $2,200

question 15

Essay

Manassas purchased a computer several years ago for $2,200. On November 10ᵗʰ of the current year, the computer was worth $800. If $1,000 of depreciation deductions had been taken, what is Manassas' tax adjusted basis for the computer?

---

Definitions:

Fields

Special placeholders in software and databases designed to hold a specific type of data.

Navigation Pane

A user interface element that provides a structured, hierarchical view of the document or application contents, facilitating quick access to different sections.

Query

A request for data or information from a database, typically expressed in a structured language such as SQL, used to retrieve specific information.

Tasks

Specific activities or duties aimed at achieving a goal.