MLchartDataset catalogue

Adjusted basis

Term · Law · MLC-T-LAW-000367

The original cost of an asset, increased by capital expenditures and decreased by depreciation, casualty losses, or other deductions. This figure is used to determine the taxable gain or loss when an asset is sold or exchanged. For real estate, improvements like additions or renovations increase the adjusted basis, while depreciation deductions reduce it.

Table 1. Record
IdentifierMLC-T-LAW-000367
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000367",
  "term": "Adjusted basis",
  "field": "Law",
  "definition": "The original cost of an asset, increased by capital expenditures and decreased by depreciation, casualty losses, or other deductions. This figure is used to determine the taxable gain or loss when an asset is sold or exchanged. For real estate, improvements like additions or renovations increase the adjusted basis, while depreciation deductions reduce it.",
  "url": "https://mlchart.com/terminology/law/adjusted-basis/"
}

Record 131 of 5,441 in Law terminology (MLC-0107). Request the full dataset.