Cost Basis in a sentence
Synonym: initial value, purchase price.
Meaning: The original value of an asset for tax purposes; used to determine capital gains or losses.
(1) The cost basis for the new car was $30,000.
(2) The cost basis for the new car was $25,000.
(3) We need to calculate the cost basis for the inventory.
(4) The cost basis of the project exceeded our initial estimates.
(5) The cost basis of the renovation was higher than anticipated.
(6) The cost basis of the property was determined to be $500,000.
(7) It is important to keep track of the cost basis for tax purposes.
(8) The cost basis of the project was divided among the stakeholders.
(9) We need to determine the cost basis of each item in the inventory.
(10) The cost basis of the building was determined by its purchase price.
Cost Basis sentence
(11) The cost basis of the shares was calculated at the time of purchase.
(12) The cost basis of the equipment was depreciated over its useful life.
(13) The cost basis of the stock was adjusted to reflect the market value.
(14) The cost basis of the investment property was adjusted for inflation.
(15) The cost basis of the shares was adjusted for any dividends received.
(16) The cost basis of the stock was higher than its current market value.
(17) The cost basis of the inventory was determined by its purchase price.
(18) The cost basis of the product was calculated using a standard formula.
(19) The cost basis of the equipment was deducted from the company's taxes.
(20) The cost basis of the land was determined by a professional appraiser.
Cost Basis make sentence
(21) The cost basis of the company's assets was evaluated during the audit.
(22) The cost basis of the equipment was written off as a business expense.
(23) The cost basis of the asset was determined at the time of acquisition.
(24) The cost basis of the investment portfolio was adjusted for inflation.
(25) The cost basis of the property was established at the time of purchase.
(26) The cost basis of the investment was adjusted to account for inflation.
(27) The cost basis of the project was carefully analyzed before proceeding.
(28) The cost basis of the inventory was adjusted for any losses or damages.
(29) The cost basis of the investment was reduced by any dividends received.
(30) The cost basis of the property was appraised by a professional valuator.
Sentence of cost basis
(31) The cost basis of the raw materials was included in the production cost.
(32) The cost basis of the merchandise was determined by its wholesale price.
(33) The cost basis of the project was shared among multiple funding sources.
(34) The cost basis of the machinery was deducted from the company's profits.
(35) The cost basis of the project was carefully calculated before proceeding.
(36) The cost basis of the product includes both direct and indirect expenses.
(37) The cost basis of the building was depreciated over a period of 20 years.
(38) The cost basis of the software was amortized over a period of five years.
(39) The company's cost basis for the new equipment was higher than anticipated.
(40) The cost basis of the materials used in construction was carefully tracked.
Cost Basis meaningful sentence
(41) The cost basis of the equipment was deducted from the company's net income.
(42) The cost basis of the company's assets is regularly reviewed for impairment.
(43) The cost basis of the project was carefully documented for future reference.
(44) The cost basis of the machinery was depreciated over a period of five years.
(45) The cost basis of the product was calculated by adding all production costs.
(46) The cost basis of the equipment was included in the company's balance sheet.
(47) The cost basis of the raw materials was included in the production expenses.
(48) The cost basis of the shares was adjusted for any stock splits or dividends.
(49) The cost basis of the investment was adjusted to reflect market fluctuations.
(50) The accountant is responsible for maintaining accurate records of cost basis.
Cost Basis sentence examples
(51) The cost basis of the project was carefully analyzed to ensure profitability.
(52) The cost basis of the inventory was calculated at the end of the fiscal year.
(53) The cost basis of the vehicle was deducted from the company's taxable income.
(54) The cost basis of the project was underestimated, leading to budget overruns.
(55) The cost basis of the project was reevaluated after unexpected expenses arose.
(56) The cost basis of the investment was reduced due to a decline in market value.
(57) The cost basis of the inventory was adjusted for any damaged or expired items.
(58) The cost basis of the equipment was determined by its original purchase price.
(59) The cost basis of the company's assets was adjusted for any impairment losses.
(60) The cost basis of the company's inventory was adjusted to reflect market value.
Sentence with cost basis
(61) The cost basis of the product was determined by analyzing its production costs.
(62) The cost basis of the company's inventory was adjusted to reflect market demand.
(63) The cost basis of the project was compared to the expected return on investment.
(64) The cost basis of the investment property was adjusted for capital improvements.
(65) The cost basis of the company's assets was recorded in the financial statements.
(66) The cost basis of the materials used in production was tracked for cost control.
(67) The cost basis of the investment property was adjusted for any renovations made.
(68) The cost basis of the company's assets was adjusted to reflect fair market value.
(69) The cost basis of the investment property was adjusted for any improvements made.
(70) The cost basis of the project was calculated by adding all the expenses incurred.
Use cost basis in a sentence
(71) The cost basis of the company's stock portfolio was analyzed by financial experts.
(72) The cost basis of the investment property was adjusted to account for renovations.
(73) We need to calculate the cost basis of the investment before making any decisions.
(74) The cost basis of the software development was allocated to different departments.
(75) The cost basis of the real estate investment was determined by the purchase price.
(76) The cost basis of the company's liabilities was assessed during the financial audit.
(77) The cost basis of the investment was adjusted to account for currency exchange rates.
(78) The cost basis of the project was higher than anticipated due to unforeseen expenses.
(79) We need to review the cost basis of our assets to ensure accurate financial reporting.
(80) The cost basis of the raw materials used in production affects the final product price.
(81) The cost basis of the company's assets is an important factor in determining its net worth.
(82) The cost basis of the product was determined by considering both direct and indirect costs.
(83) The cost basis of the software development project was determined based on labor and material costs.
Cost Basis meaning
Cost basis is a term commonly used in finance and accounting to refer to the original value of an asset for tax purposes. It is crucial to understand how to use this term correctly in a sentence to ensure clear communication and accurate financial reporting. Here are some tips on how to incorporate "cost basis" effectively:
1. Definition and Context: Begin by providing a brief definition or explanation of the term "cost basis" to establish context.
For example, "Cost basis refers to the original value of an asset, including the purchase price and any associated expenses."
2. Correct Usage: When using the term "cost basis" in a sentence, ensure that it is used as a noun phrase. For instance, "The cost basis of the property was $500,000, including the purchase price and closing costs."
3. Specific Examples: To enhance understanding, provide specific examples of assets or investments where the concept of cost basis is applicable. For instance, "When selling stocks, it is essential to calculate the cost basis accurately to determine the capital gains or losses."
4. Tax Implications: Highlight the importance of cost basis in tax calculations and reporting.
For example, "Investors need to maintain accurate records of their cost basis to accurately report capital gains or losses on their tax returns."
5. Adjustments and Factors: Explain that the cost basis can be adjusted for various factors such as depreciation, improvements, or dividends received. For instance, "The cost basis of a rental property can be adjusted for depreciation expenses over time."
6. Different Asset Classes: Discuss how cost basis may vary depending on the type of asset or investment.
For example, "The cost basis for mutual funds may include reinvested dividends, while for real estate, it may include renovation costs."
7. Reporting Requirements: Emphasize the importance of correctly reporting the cost basis on tax forms and financial statements. For instance, "Taxpayers must accurately report the cost basis of their assets on Schedule D of their tax returns."
8. Tracking and Documentation: Highlight the significance of maintaining proper documentation and records to support the cost basis calculations.
For example, "Investors should retain purchase receipts, brokerage statements, and other relevant documents to substantiate their cost basis."
9. Adjusting for Inflation: Explain that cost basis can be adjusted for inflation using methods approved by tax authorities. For instance, "Some countries allow taxpayers to adjust the cost basis of long-held assets to account for inflation, reducing the tax burden."
10. Seeking Professional Advice: Encourage readers to consult with tax professionals or financial advisors for complex cost basis calculations or when dealing with unique situations.
For example, "When dealing with inherited assets or complex investment portfolios, it is advisable to seek guidance from a qualified tax professional to determine the correct cost basis." By following these tips, you can effectively incorporate the term "cost basis" in your writing, ensuring clarity and accuracy in financial discussions and reporting.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Cost Basis. They do not represent the opinions of TranslateEN.com.