An Asset Has an Original Basis of $25,000 and Depreciation

question 50

Multiple Choice

An asset has an original basis of $25,000 and depreciation has been claimed for the asset in the amount of $20,000.If the asset's adjusted basis is $15,000, what is the amount of capital improvements that have been made to the asset?

• A)$5,000
• B)$10,000
• C)$20,000
• D)$30,000
• E)None of the above