Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms
Select a letter below or enter a term or keyword.
Adjusted basis
The basis for gain or loss and the basis for depreciation, etc. are explained under Basis. After such a basis is determined, it must be adjusted (a) for captial items that increase it and (b) for deductions that decrease it, such as depreciation, depletion, etc.