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The IPC is the most widely used plumbing code in the United States and is also used as the basis for the plumbing code of several other countries [citation needed].Wide adoptions are important as they help reduce manufacturer and end-user costs by allowing the use of materials across a wide user base, thus allowing economies of scale in the production of materials used in construction.
Designated as an American National Standard, the Uniform Plumbing Code (UPC) is a model code developed by the International Association of Plumbing and Mechanical Officials to govern the installation and inspection of plumbing systems as a means of promoting the public's health, safety and welfare.
IPC is a trade association whose aim is to standardize the assembly and production requirements of electronic equipment and assemblies. IPC is headquartered in Bannockburn, Illinois , United States with additional offices in Washington, D.C. Atlanta, Ga. , and Miami, Fla. in the United States, and overseas offices in China , Japan , Thailand ...
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Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a 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.