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.
New words for pronouncing Subscribe. 1  Record pronunciation for MihÃ¡ly Mosonyi MihÃ¡ly Mosonyi. 2  Record pronunciation for bemutatkozni bemutatkozni. 3  Record pronunciation for kiejteni kiejteni.  Record pronunciation for zenÃ©t szerez zenÃ©t 1  szerez. Record pronunciation for hallgassa meg hallgassa 2  meg. Record pronunciation for buszsofÅr buszsofÅr.