Sorry, you need to enable JavaScript to visit this website.

Title: Section 451.231 - Replacement

451.231 Replacement. The substitution of one fixed asset for another, particularly of a new asset for an old, or of a new part for an old part. On the books of account, the recognition of the cost of the new asset requires the elimination of the cost of the asset it replaces.
 

Volume

VOLUME D (Title 10)

up