(See IRC Â§ 1245(a)(2)(A)). For example, if a taxpayer purchased a widget with a $1,000 basis, then deducted $100 from his ordinary income each year for the widgetâs depreciation, after four years the widgetâs adjusted basis would be $600.
The tulip is a Eurasian and North African genus of perennial, bulbous plants in the lily family. It is a herbaceous herb with showy flowers, of which around 75 wild species are currently accepted.
Tulip mania (Dutch: tulpenmanie) was a period in the Dutch Golden Age during which contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels and then dramatically collapsed in February 1637.