Examlex
Hubble's constant is about 22 km/s/million light-years,implying an age of about 14 billion years for the universe.If Hubble's constant were 11 km/s/million light-years,the age of the universe would be about
Ordinary
Refers to income or transactions that are common or usual within the context of business and taxes.
Donee's Basis
The value assigned to a gift or inherited property for the purpose of determining gain or loss when the property is sold by the recipient.
FMV
The estimated sales price of an asset in the marketplace where both buyer and seller are informed and willing.
Code Sections 1245
Refers to a section of the U.S. Internal Revenue Code that deals with the recapture of depreciation upon the sale of certain types of business property.
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