Casualty gain & asset still in service
Business equip damaged by customer. Original cost $88k, Deprec to date of accident $55k Basis=$33k. Ins company totalled it & pd $103k (replacement policy). Equip repaired for $10k. and continues in use.
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Claudia
Questions asked: 8
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Questions answered: 52
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03/05/11 3:55pm PST
Viewed by asker 02/17/12 4:03pm PST
Viewed by asker 02/17/12 4:03pm PST
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sjrcpa
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Questions answered: 5559
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