Adjusted basis
id:
adjusted-basis-285-4036875
title:
Adjusted basis
text:
In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Muhammad buys a lot for $100,000. He then erects a retail facility for $600,000, then depreciates the improvements for tax purposes at the rate of $15,000 per year. After three years his adjusted tax basis is $655,0
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Adjusted_basis
date created:
date modified:
2023-11-12T00:05:14Z
main entity:
{"identifier":"Q4683204","url":"https://www.wikidata.org/entity/Q4683204"}
image:
fields total:
13
integrity:
13