At first, it can seem that there can be as many meanings for daisies as there are species of daisies. However, the most generally accepted meanings are: Innocence, especially with white daisies with yellow or pale centers.
Depreciation recapture is a tax provision that allows the Internal Revenue Service (IRS) to collect taxes on any profitable sale of asset that the taxpayer had used to offset his or her taxable income.
The recaptured depreciation is 25 percent (for real property and at the ordinary income tax rate for personal property) of the depreciation used to determine adjusted basis. Federal capital gain tax is applied to the realized gain less depreciation used to determine adjusted basis. State and county taxes may be applied.