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Brie gives her niece a machine to use in her business with a fair market value of $6,500 and a basis in Brie’s hands of $7,500. What is the niece’s

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Brie gives her niece a machine to use in her business with a fair market value of $6,500 and a basis in Brie’s hands of $7,500. What is the niece’s basis for depreciation (cost recovery)?None of the above.

Brie gives her niece a machine to use in her business with a fair market value of$6,500 and a basis in Brie’s hands of $7,500. What is the niece’s basis fordepreciation (cost recovery)?a….

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