ACB

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ACB

1. Abbr. for asbestos-cement board.
References in periodicals archive ?
There will continue to be an adjustment to the adjusted cost base of trust units to the extent that capital is returned as a tax-free payment.
Assumes that the adjusted cost base of the security is $40.
In general, if a farmer transfers capital property in an arm's length transaction, the proceeds of the sale will equal the adjusted cost base of the property minus costs to sell the property, similar to non-farmers (Adjusted cost base can roughly be defined as the original cost to the farmer, plus gains in value as defined by the Income Tax Act and minus any losses or costs defined by the Income Tax Act.).
The adjusted cost base of the cottage is now $45,000, and the estimated market value is $55,000.
The sale price can be set anywhere between your adjusted cost base and the budget day value.

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