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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On an adjusted basis, revenue was 1% higher, helped by a "modest exchange rate tailwind and the benefit of the Bimba acquisition".
On an adjusted basis, net income totalled $59.4 million or $1.34 diluted per share for the third quarter of 2018, down 1% and 18% respectively, compared with $59.9 million or $1.63 diluted per share for the same period in 2017.
Excluding $432 million in special items in the most recent quarter and $203 million a year ago, operating income decreased 4.9% to $1.55 billion on an adjusted basis.
Ralph Lauren Corporation (NYSE:RL) reported earnings per diluted share of USD0.55 on a reported basis and USD1.90 on an adjusted basis, excluding restructuring and other related charges recorded in connection with the company's Way Forward plan, for the second quarter of Fiscal 2017, the company said.
On a seasonally adjusted basis - which takes those changes into account - employment rose by 100 jobs in Lane County last month, after falling by 300 in August.
Example 1 (built-in-gain asset transfers): P transfers assets ($100 fair market value (FMV) and adjusted basis of $70) to S, a wholly owned subsidiary, in exchange for S stock with an adjusted basis of $300.
On a seasonally adjusted basis, exports continued to rebound after steadily declining through October, November and December, and showed a 1.2 percent increase on the month in February while imports edged up 0.6 percent month-on-month.
Output rose 0.9 per cent on the month on a workday and seasonally adjusted basis, according to official data.
The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.5 percent on a seasonally adjusted basis, in line with economists' forecasts.
**Fourth straight q/q decline** As expected, the Cyprus economy fell deeper into recession in the second quarter, with real GDP declining on a seasonally adjusted basis by 2.4% compared with the same period of the previous year, after a drop of 1.5% in the first quarter.
Eurozone exports fell by 4.7 percent and imports by 4.1 percent in June compared to May on a seasonally adjusted basis. The external trade deficit for the entire 27-member European Union narrowed slightly to 12.2 billion euros in June, from a deficit of 12.3 billion in May, but widened from 11.1 billion in June 2010.
The magnitude of the result of this new law will be based upon how many deaths occur in 2010 and the adjusted basis of those decedents' estates.