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.
Related Articles
- Stock Regulations *
- "Sell Covered Call" Option Investment Strategy *
- Real Estate as an Investment *
- Prospectuses, Annual Reports, and Other Documents *
- Securing Financing for the Purchase of your Car *
- Understanding GARP Stock Investing Strategy *
- Common and Preferred Stock *
- The Importance of Saving and How Much To Set Aside *
Related Videos
http://www.businessdictionary.com/definition/adjusted-basis-value.html
