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.
Cumulative depreciation for tax purposes is 90 and the. tax rate is 25%. The tax base of the asset is 60 (cost of 150 less cumulative tax depreciation of 90). To recover the carrying. amount of 100, the entity must earn taxable income of 100, but will only be able to deduct tax depreciation of.