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.
From Middle English mone, imone, from Old English gemÄna (â community, company, society, common property, communion, companionship, intercourse, cohabitation â), from Proto-Germanic *gamainÃ´ (â community â), from Proto-Indo-European *moini-(â common, collective â). Noun . mone (countable and uncountable, plural mones) ( 1 obsolete) Communion; participation; companionship. ( 2 obsolete) Sexual intercourse. ( 3 archaic) A companion.