What does adjusted basis value mean?

adjusted basis value meaning in Law Dictionary

The starting price of a valuable asset that decline is taken from. Capital resources are included besides. Its used for taxes and revenue calculation. AKA flexible foundation worth.

adjusted basis value meaning in Business Dictionary

initial price or base price of a set asset from which depreciation is subtracted, and to which money expenditure is included. It is a taxpayer's exact carbon copy of guide worth, and it is always reach money gain or money loss (resulting from the purchase of an asset) for computing appropriate income tax. Also referred to as adjustable basis value.