adjusted cost basis


adjusted cost basis
For income tax purposes, original cost plus additions to capital less depreciation results in the "adjusted cost basis." Herder v. Helvering, 70 U.S. App.D.C. 287, 106 F.2d 153, 162

Black's law dictionary. . 1990.

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  • basis — ba·sis / bā səs/ n pl ba·ses / ˌsēz/ 1: something (as a principle or reason) on which something else is established the court could not imagine any conceivable basis for the statute see also rational basis 2: a basic principle o …   Law dictionary

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