What does exsanguination mean? Definitions for exsanguination Here are all the possible meanings and translations of the word exsanguination.
Basis is the value used to determine profit or loss when property is sold for assessing income tax and capital gains tax. Under tax law, basis means the cost of property after adjusting the depreciation.
basis. n. the original cost of an asset to be used to determine the amount of capital gain tax upon its sale. An adjusted basis includes improvements, expenses, and damages between the time the original basis (price) is established and transfer (sale) of the asset.