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Re: suberizedwrx post# 27242

Sunday, 08/01/2010 8:52:00 AM

Sunday, August 01, 2010 8:52:00 AM

Post# of 34414
If an asset is written off and it turns out the asset has value after all, it goes right back on the balance sheet as a recovered asset. Furthermore, the previous tax writeoff is reversed too.