A depreciable asset's taxable basis is calculated as its

Name: A depreciable asset's taxable basis is calculated as its
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A depreciable asset's taxable basis is calculated as its cost less accumulated tax depreciation. This is because tax depreciation is a deductible expense that reduces the taxable income and therefore, the amount of taxes owed. The basis is used to calculate the gain or loss on the sale or disposal of the asset, which is the difference between the amount realized and the basis.

A Depreciable Asset's Taxable Basis Is Calculated as Its