Examples of Property retired in a sentence
Property retired, as applied to electric plant, is property which has been removed, sold, abandoned, destroyed, or which for any cause has been withdrawn from service.
Property retired or otherwise disposed of is removed from the appropriate asset and related accumulated depreciation accounts.
Credits to reserve for depreciation: Depreciation sustained before March 1, 1913, on— Property retired before January 1, 1943 ............................................
As applied to any period, the term "Retirements" shall mean the aggregate cost of all Fixed Property retired by Exeter or the Company during such period (as the case may be).
All Bondable Property which shall be retired, abandoned, destroyed, released or otherwise disposed of shall be deemed Bondable Property retired, but as in this Indenture provided may at any time thereafter again become Bondable Property.
Credit adjustments: Depreciation sustained before March 1, 1913, on— Property retired before January 1, 1943 ...........
Units of Property retired from service shall be disposed of by the Operating Agent on the best available terms as soon as practicable.
The cost of Capital Improvements shall be determined in accordance with Appendix E.Units of Property retired from service shall disposed of by the Operating Agent on the best available terms as soon as practicable, and the proceeds, if any, received therefrom shall be credited or distributed to the Parties in proportion to their Responsibility for Costs associated with such units.
Property retired, as applied to electric plant, means property which has been removed, sold, abandoned, destroyed, or which for any cause has been withdrawn from service.
Property retired or sold is removed from the asset and accumulated depreciation accounts and the resulting gain or loss is reflected in income.