Fill in the correct labels for the following figure using the word bank below.
-B __________
Definitions:
Cost Basis
The original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits, dividends, and return of capital distributions.
Appraisal Value
An estimation of a property's market value based on an appraiser’s knowledge, experience, and analysis of the property.
Mortgage
A loan typically used to purchase real estate, where the property itself serves as collateral for the loan.
Units-Of-Output Method
A depreciation method that allocates the cost of an asset over its useful life based on the units it produces, reflecting usage rather than mere passage of time.
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