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.
Jiel Beaumadier. To the unfamiliar ear, Welsh rarebit would instill anything but hunger. But that, we suspect, is the United Kingdom's genius ploy to keep this dish of bread and melted cheese all to themselves. Never before has a food been given a less appropriate (read, completely unappetizing) name.iel Beaumadier. To the unfamiliar ear, Welsh rarebit would instill anything but hunger. But that, we suspect, is the United Kingdom's genius ploy to keep this dish of bread and melted cheese all to themselves. Never before has a food been given a less appropriate (read, completely unappetizing) name.