adjusted cost base (ACB)
Definitions (2)
1. Business: A tax filing calculation whereby additional costs and gains in the book value of an asset are reported. Typically, an ACB will include improvements or modifications to the asset and subsequent output increases or decreases, as a result of any changes. This asset claim is included in capital gains reporting.
2. Investment: A tax filing calculation whereby the costs of making the investment are subtracted from the gain or loss resulting from the sale of the investment. This claim is included in capital gains reporting.
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