Monica's Lawn Service,Inc

question 49

Multiple Choice

Monica's Lawn Service,Inc. ,purchases a heavy-duty tri-cut lawn mower on March 17,2017,for $4,500.The depreciation on the lawn mower in 2017 was $500.In July,a tire on the lawn mower is repaired at a cost of $650.Maintenance costs on the lawn mower for 2017 total $175.What is Monica's basis in the lawn mower at the end of 2017?

• A)$650
• B)$4,000
• C)$4,650
• D)$5,150
• E)$5,325

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