Cal. Code Regs. tit. 2 § 1051.13

Current through Register 2024 Notice Reg. No. 41, October 11, 2024

Section 1051.13 - Disposition of Fixed Assets

When fixed assets are sold or otherwise disposed of, the gain or loss, measured by the difference between book value and selling price, is included as a charge or credit to current operations.

Cal. Code Regs. Tit. 2, § 1051.13