An importer furnished $1,000 of materials and a machine which originally was purchased for $10,000 to an overseas unaffiliated producer free of charge. The importer noted that the machinery was fully depreciated, pursuant to generally accepted accounting principles and the importer paid freight charges of $50 and foreign duties of $5. The importer furnished inspection equipment to the producer to test the quality of the goods after production in the amount of $1. For accounting purposes, the machinery was depreciated over five years. The value of the assist is:
A. 0
B. 1055
C. 3055
D. 3056
E. 11056
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The Answer is: B
Citation: 19 CFR 152.103
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