bn:00066484n
Noun Concept
Categories: Taxation in the United States, Depreciation, Income taxes, Tax terms
EN
recapture  depreciation recapture
EN
A legal seizure by the government of profits beyond a fixed amount WordNet 3.0
English:
United States
Definitions
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EN
A legal seizure by the government of profits beyond a fixed amount WordNet 3.0 & Open English WordNet
Depreciation recapture is the USA Internal Revenue Service procedure for collecting income tax on a gain realized by a taxpayer when the taxpayer disposes of an asset that had previously provided an offset to ordinary income for the taxpayer through depreciation. Wikipedia
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APPLIES TO JURISDICTION
WordNet 3.0 & Open English WordNet
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