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.
Rutile Quartz. Rutile (or rutilated) quartz is clear or smoky quartz with inclusions of rutile crystals. Rutile is the mineral name for natural crystals of titanium dioxide. Rutile is best known for its affect on gemstones such as star sapphire and tiger's eye, where microscopic rutile crystals bundle so tightly that they bend light into band and star patterns.