Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter706 Motor Carriers |
UNIFORM SYSTEM OF ACCOUNTS FOR TAXICAB COMPANIES |
General Provisions |
NAC706.636. “Replacement asset” and “replacement property” defined.
Latest version.
- “Replacement asset” or “replacement property” means an asset or property which will perform substantially the same functions or serve a purpose similar in nature to the asset or property disposed of.
[Taxicab Auth., Uniform System of Accounts Reg. Definitions § 27, eff. 12-24-70]