adjusted basis value
Definition
Original cost or base price of a fixed asset from which depreciation is deducted, and to which capital expenditure is added. It is a taxpayer's equivalent of book value, and is used to arrive at capital gain or capital loss (resulting from the sale of an asset) for computing applicable tax. Also called adjustable basis value.
adjusted basis value is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
adjusted basis value appears in the definitions of the following terms: carryover basis value, adjustable basis value and standard of value
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