§ 74.46.380. Depreciable assets
(1) Where depreciable assets are disposed of through sale, trade-in, scrapping, exchange, theft, wrecking, or fire or other casualty, depreciation shall no longer be taken on the assets. No further depreciation shall be taken on permanently abandoned assets.
(2) Where an asset has been retired from active use but is being held for stand-by or emergency service, and the department has determined that it is needed and can be effectively used in the future, depreciation may be taken.
[1993 sp.s. c 13 § 5; 1991 sp.s. c 8 § 12; 1980 c 177 § 38.]
Notes:
Effective date -- 1993 sp.s. c 13: See note following RCW 74.46.020.
Effective date -- 1991 sp.s. c 8: See note following RCW 18.51.050.
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Last modified: April 7, 2009