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the Revised Code of Washington
2005 Washington Revised Code RCW 74.46.390: Gains and losses upon replacement of depreciable assets.
If the retired asset is replaced, the gain or loss shall be applied against or added to the cost of the replacement asset, provided that a loss will only be so applied if the contractor has made a reasonable effort to recover at least the outstanding book value of the asset.
[1980 c 177 § 39.]
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