Method of valuation of a decedent's property (for tax purposes) transferred by gift or in trust. In the method the adjusted basis value is further adjusted to reflect changes due to appreciation or exemptions.
To adjust an amount against succeeding amounts, or to transfer it to a next column, page, or period. A loss sustained in the current period, for example, may be set off against (carried over to) a forward-period income for tax purposes.
Financial and operational expense associated with an investment.
Book value of a long-term asset or liability as reported on a balance sheet.
Expenses incurred in movement of goods and/or people from one place to another; in general, within a demarcated unit such as a city, state, or country.
Conversion of an authorized transaction into an invoiceable transaction when the goods are shipped or services are rendered to the customer.
Charge, fee, or tax levied on per head (per person) basis.
Assessment of the value of an asset, based on the total income expected to be realized over its economic life span.
