(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.
The tulip originated centuries ago in Persia and Turkey, where it played a significant role in the art and culture of the time. Most likely commenting on the Turkish tradition of wearing tulips in oneâs turban, Europeans mistakenly gave tulips their name, which comes from the Persian word meaning turban.