Equipment was purchased for $60,050 plus $1,123 in freight charges. Installation costs were $2,128 and sales tax totaled $5,453. The increase in net working capital was $4,829. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e. g. 1250).

$‭68,754‬

Explanation:

The Depreciable bases of this asset refers to the total amount that will be recorded as the Cost price of this asset.

Costs to buy, transport and install the asset are all included. Sales tax is included as well;

= 60,050 + 1,123 + 2,128 + 5,453

= $‭68,754‬

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