Simply stated, it means the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose. Meaning "costly, requiring profuse… See definitions of expensive. (adjective) An out-the-door price quote will reveal any hidden fees or extras in the contract, including taxes, title, and registration. The . The current cost of Amazon Prime is $119 a year or $12.99 if you'd prefer to pay month by month. Generally, the costs or the expenses in a business are recorded by a team of experts using expense forms. In its broadest sense, cost basis refers to the price you paid for your shares. Cost basis is needed because tax is due based on the gain in value of an asset. Economical in terms of the goods or services received for the money spent. When you tilt your head to the side, you see that : is the eyes, - the optional nose, and ) is the mouth. Another word for expensive. Find more ways to say expensive, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. This notation is often used in email, text messages, and other postings to communicate emotional context that would otherwise be lost or unclear. The term “replacement cost” is defined or explained in the policy. It is considered one of the more challenging tasks in business management. What Does “Replacement Cost” Mean? The concept is used when there are multiple possible options to pursue, and a choice must be made to select one option and drop the others. In other words, what the most cost-effective method of delivering goods and services would be while maintaining a desired level of quality. expensive definition: 1. costing a lot of money: 2. costing a lot of money: 3. costing a lot of money: . What does cost-effective mean? Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation.When property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realized on the sale minus the sold property's basis.. Cost minimization is a basic rule used by producers to determine what mix of labor and capital produces output at the lowest cost. That figure is adjusted upward for reinvested dividends and capital gains and any commissions or transaction fees you paid.. What cost basis won't necessarily tell you is how much money you made on an investment. Learn more. AccountingTools. When you think about adding a new employee to your payroll, determine what the actual financial cost of doing so means to your business. Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels. It’s always better to learn about them before a deal is final. 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