Acquisition Cost
Meaning of Acquisition Cost in the United States Tax System
Acquisition Cost may be defined, in an american taxation meaning, as the price and all fees required to obtain a property.
Example of Acquisition Cost:
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John purchases real estate for $100,000 plus $7,000 in closing costs (attorney’s fees, loan fees, appraisal costs, title insurance, and loan discount points). John’s acquisition cost is $107,000, which is capitalized and not deductible for tax purposes.
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Acquisition Cost in the Dictionary | Acquisition Cost in our legal dictionaries |
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Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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Related topics | Acquisition Cost in the World Encyclopedia of Law |
What is Acquisition Cost?
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