An owner's basis in his or her property will always equal the owner's depreciation of the property.

Name: An owner's basis in his or her property will always equal the owner's depreciation of the property.
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Quizplus · Accepted Answer

An owner's basis in his or her property is calculated by the original cost of the property plus any improvements made, minus any depreciation or other deductions taken. Depreciation is just one factor that can affect an owner's basis, but it does not always equal the owner's basis.

An Owner's Basis in His or Her Property Will Always