Examlex
The term "reorganization" refers to any restructuring that will be tax-free under Code section
_________________________.
Depreciation
A method of allocating the cost of a tangible asset over its useful life.
Total Depreciation Expense
The cumulative amount of an asset's cost that has been allocated as expense due to wear and tear over its useful life.
Land Improvements
Enhancements to a plot of land such as landscaping, parking lots, and underground utilities that increase the property's value.
Market Value
The current price at which an asset or service can be bought or sold in a competitive marketplace.
Q3: Generally, when a subsidiary leaves an ongoing
Q11: Gains and losses are recognized by the
Q36: The amount of gain recognized by a
Q52: Purchase of inventory from a U.S. parent
Q64: Rust Corporation distributes property to its sole
Q117: If a parent corporation makes a §
Q122: George is a limited partner in the
Q129: Corporate distributions are presumed to be paid
Q137: Sharon and Sue are equal partners in
Q146: Carli contributes land to the newly formed