Cincinnati Bearcats. The American logo in Cincinnati's colors. The Cincinnati Bearcats are the athletic teams that represent the University of Cincinnati. The teams are members of the American Athletic Conference (The American), which from 1979 to 2013 was known as the Big East Conference.
You must reduce the basis of property by the depreciation allowed or allowable, whichever is greater. Depreciation allowed is depreciation you actually deducted (from which you received a tax benefit). Depreciation allowable is depreciation you are entitled to deduct.
The basis may be calculated differently for each purpose. Capital gains. Capital gains taxes are based on the gain in price of the asset from the original cost of purchase (the basis), and then the asset basis is adjusted, if necessary. A higher basis can mean lower capital gains tax. Depreciation. Depreciation is the cost of an asset spread out over its useful life.