depreciated value given back after repair done?

by Guest » Mon Oct 10, 2011 06:49 pm
Guest

so i recently had an accident in my business and the insurance paid for some equipment that were damaged. They also held back depreciated value and told me when all repairs are done to send them everything and the depreciated amount will be given to me. Now my question is if we decided not to use all the money given for repairs...to repair the equipment ..and i give them just the amount we used will they hold back that depreciation value or still give it all back?

thanks

Total Comments: 1

Posted: Tue Oct 11, 2011 12:12 am Post Subject:

I'm confused... you don't "give them just the amount we used". For the items replaced you will get the additional hold back once you show that they were replaced. If you don't replace and item you don't get the hold back. You can replace only some items and still get the hold back on those items.

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