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.
At its core, depreciation is simple: You figure out how much the property is worth for tax purposes (the propertyâs basis), how long the IRS says you must depreciate it for (its Â­recovery period), and then you deduct a certain percentage of its basis each year during its recovery period.