adjusted basis

Definition

The base price of an asset or security that reflects any deductions taken on or improvements to the asset or security, used to compute the gain or loss when sold.

Use adjusted basis in a sentence

The adjusted basis of the accounting method for the asset was used as we did not want the metrics to be unduly influenced.

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They would be doing it on an adjusted basis which might take more time than they hoped for, but would be well worth it for both parties.

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Due to the improvements to the asset, they had to use an adjusted basis to be able to calculate what the gain on sale would be when sold.

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