The original cost of an asset in which depreciation is taken into account and capital expenses are included. It is used to generate capital gains or losses for tax purposes. It is similar to the book value of a car when someone is trying to sell or buy.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser