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WAC 388-835-0550

How are gains and losses calculated when a tangible asset is retired?

When a tangible asset is retired, the difference between the assets undepreciated base and any proceeds received from its retirement is considered a gain or loss on retirement.
[Statutory Authority: RCW 71A.20.140. WSR 01-10-013, ยง 388-835-0550, filed 4/20/01, effective 5/21/01.]
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