Statutes, codes, and regulations
Washington Administrative Code
Title 388 - Social and Health Services, Department ofDEVELOPMENTAL DISABILITIES SERVICESChapter 388-835 - ICF/ID program and reimbursement system
GAINS AND LOSSES ON RETIRED ASSETS
Section 388-835-0555 - How must providers account for gains and losses on retired assets that are replaced?

Wash. Admin. Code § 388-835-0555

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Current through Register Vol. 24-12, June 15, 2024
Section 388-835-0555 - How must providers account for gains and losses on retired assets that are replaced?

If a provider replaces a retired asset, any gain or loss on retirement must be deducted from or added to the cost of the replacement asset, respectively. However, a loss on retirement can only be added to the replacement asset's cost if the provider makes a reasonable effort to recover at least the outstanding book value of the retired asset.

Wash. Admin. Code § 388-835-0555

Statutory Authority: RCW 71A.20.140. 01-10-013, § 388-835-0555, filed 4/20/01, effective 5/21/01.