adjusted basis


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adjusted basis

n. in accounting, the original cost of an asset adjusted for costs of improvements, depreciation, damage and other events which may have affected its value during the period of ownership. This is important in calculating capital gains for income tax purposes since the adjusted basis is higher than the original price and will lower capital gains taxes. (See: basis, income tax)

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5 percent on a seasonally adjusted basis, in line with economists' forecasts.
Although there was a great difference in the adjusted basis of the units (approximately $10 million for one and $131 million for the other), the amount of the improvement costs to each unit was similar ($5.
Unemployment measured on a seasonally adjusted basis was steady in September, according to the latest figures from the Statistical Service.
A full reconciliation of GAAP results to Adjusted Basis results on a Consolidated and Segment basis is included in Exhibit A.
Around 76,000 residential properties were sold for at least pounds 40,000 last month on a seasonally adjusted basis, up from 65,000 in June and the highest figure since May 2008, according to HM Revenue & Customs.
Around 76,000 residential properties were sold for at least pounds 40,000 last month on a seasonally adjusted basis - up from 65,000 in June and the highest figure since May 2008, according to HM Revenue and Customs.
There were 5,011 company liquidations in England and Wales between January and March - the highest since the second quarter of 1993 on a non-seasonally adjusted basis.
69-74, a father (F) transferred a capital asset having a $20,000 adjusted basis and a $60,000 fair market value (FMV) to his son (S) in exchange for S's legally enforceable promise to pay F a $7,200 per year life annuity--in $600 equal monthly installments.
0 Easement (50,000) Removal of one room (10,000) New Adjusted Basis $290,000 </pre> <p>Since their current basis in the home is $290,000, Jay and Kay would realize a $610,000 gain ($900,000-$290,000).
National Statistics revealed that input prices, on a seasonally adjusted basis, rose by 13.
The gain is measured by the excess of the property's FMV over its adjusted basis to the corporation.
The adjusted basis is generally defined as the purchase price, minus the value (or cost) of the land, plus the value of any capital improvements made since the building acquisition, minus any depreciation already claimed.