A used machine with a purchase price of $42,397, requiring an overhaul costing $8,867, installation costs of $4,773, and special acquisition fees of $16,847, would have a cost basis of

The cost basis of the machine is $42,397

Explanation:

As the purchase price of the machine is $42397 , so the cost basis of the machine will be $42,397

The term Cost basis is the original value of an asset for tax purposes, usually the purchase price . In the United States tax law, Cost basis is the original cost of property. In this case the Cost basis exclude the Overhaul costing, installation cost as well as special acquisition fee as well

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.