Sentences with phrase «less depreciation taken»

Basis is the purchase price plus any capital improvements, plus purchase costs, less depreciation taken or allowed.

The amount of gain is measured as the difference between the amount received by the taxpayer on the sale less the original purchase price, adjusted through the date of the sale (purchase price plus any improvements less depreciation taken).

Assets are valued at their original purchase price less any depreciation taken for accounting purposes.

Not exact matches

So - called bonus depreciation is set to expire this year, and rules (in Section 179 of the tax code) that allow small companies to take big deductions for many expenses are set to become much less generous.

The definition of «actual cash value» is the amount of money it would take to replace your entire home with a home of the same quality, made out of the same materials, less depreciation — whereas replacement cost doesn't account for depreciation and is seen as the far better deal for the homeowner.

Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.