For example, if your company spends $18,000 on the new vehicle, the company would be required to recognize $2,000 of âgain,â the difference between the insurance recovery and the cost of the replacement vehicle. That is a savings of $3,000 in taxable income.
Definition of RAREFACTION. 1. : the action or process of rarefying. 2. : the quality or state of being rarefied. 3. : a state or region of minimum pressure in a medium traversed by compressional waves (as sound waves). â rarÂ·eÂ·facÂ·tionÂ·al \-shnÉl, -shÉ-nÉl\ adjective. See rarefaction defined for kids. ADVERTISEMENT.
1 to cause to believe what is untrue my friends faked me out for a whole day, letting me think that they had forgotten my birthday Synonyms bamboozle, beguile, bluff, buffalo, burn, catch, con, cozen, delude, dupe, deceive, fool, gaff, gammon, gull, have, have on [chiefly British], hoax, hoodwink, hornswoggle, humbug, juggle, misguide, misinform, ...