Examlex
Police use of discretion is often associated with ______ policing.
Basis
Basis is the amount of investment in property for tax purposes, used to calculate gain or loss on a sale or other disposition of the property.
Capital Gain
Profit from the sale of property or an investment when the selling price exceeds the purchase price.
Tax Depreciation
An accounting method that allows a taxpayer to allocate the cost of a tangible asset over its useful life, offering tax deductions over this period.
Taxable Income
The portion of income that is subject to taxation, after all deductions, exemptions, and adjustments.
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