Looneytunness4852 Looneytunness4852
  • 03-08-2019
  • Business
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The tax _______ of an asset or liability is the original value for tax purposes reduced by any amounts included to date on the tax returns.

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madison3395
madison3395 madison3395
  • 03-08-2019

Answer:

Cost

Explanation:

The tax cost of an asset or liability is the original value for tax purposes reduced by any amounts included to date on the tax returns.

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