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.
Definition of vitrified in the AudioEnglish.org Dictionary. Meaning of vitrified. What does vitrified mean? Proper usage of the word vitrified. Information about vitrified in the AudioEnglish.org dictionary, synonyms and antonyms. English for Beginners Practical English Travel English Telephone English Banking English Accounting English Dictionary