§ 74.46.390. Gains and losses upon replacement of depreciable assets
If the retired asset is replaced, the gain or loss shall be applied against or added to the cost of the replacement asset, provided that a loss will only be so applied if the contractor has made a reasonable effort to recover at least the outstanding book value of the asset.
[1980 c 177 § 39.]
Sections: Previous 74.46.320 74.46.330 74.46.340 74.46.350 74.46.360 74.46.370 74.46.380 74.46.390 74.46.410 74.46.421 74.46.431 74.46.433 74.46.435 74.46.437 74.46.439 NextLast modified: April 7, 2009