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.
But in addition to the original basis of the asset, you may also need to know your adjusted basis if you sell, trade or dispose of the asset, or suffer a casualty loss. Once you've claimed some depreciation on a piece of business property, the depreciation is deducted from the cost to arrive at the adjusted basis.