Adjusted Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures, used to measure gains and losses for tax purposes.
An in-depth look into Adjusted Tax Basis, its implications, calculations, and relevance in finance, accounting, and taxes.
Appreciated property refers to assets that have a fair market value greater than their original cost, adjusted tax basis, or book value. This entry covers types, considerations, examples, historical context, applicability, comparisons, related terms, FAQs, and references.
Learn about Carryover Basis in tax-deferred exchanges, including the adjusted tax basis of the property surrendered and its role in determining the tax basis of the property acquired.
Cost depletion is a method for recovering the tax basis in a mineral deposit by deducting it proportionately over the productive life of the deposit. This contrasts with the percentage depletion method.
The historical cost principle is a foundational accounting concept requiring assets to be recorded based on their original cost. This entry explores its application, implications, and related concepts such as stepped-up basis and market value.
The process by which a property’s tax basis is reset to its fair market value at the date of the owner's death, commonly applied to inherited assets.
