(See IRC Â§ 1245(a)(2)(A)). For example, if a taxpayer purchased a widget with a $1,000 basis, then deducted $100 from his ordinary income each year for the widgetâs depreciation, after four years the widgetâs adjusted basis would be $600.
The tulip is a Eurasian and North African genus of perennial, bulbous plants in the lily family. It is a herbaceous herb with showy flowers, of which around 75 wild species are currently accepted.
mariposa. n. 1. (Plants) any of several liliaceous plants of the genus Calochortus, of the southwestern US and Mexico, having brightly coloured tulip-like flowers. Also called: mariposa lily or mariposa tulip. [C19: from Spanish: butterfly; from the likeness of the blooms to butterflies].