(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.
A: Tulips are native to North Africa, Greece, Turkey, Iran, Ukraine, Mongolia and southern Siberia but are now grown in countries across the globe. Popular regions for tulip growing include Holland, Switzerland, United Kingdom, Australia and the U.S. states of Michigan, Iowa and Washington.