(a) Basis for depreciation. — The basis upon which consumption, exhaustion, wear and tear, and obsolescence are to be allowed with respect to any property shall be the adjusted basis provided in § 30142(b) of this title in order to determine the gain in the sale or other disposition of the property.(b) Basis for depletion. — The basis upon which depletion, are to be allowed with respect to any property shall be the adjusted basis provided in § 30142(b) of this title in order to determine the gain in the sale or other disposition of the property. History —Jan. 31, 2011, No. 1, § 1033.08, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code