answersLogoWhite

0


Best Answer

Yes, a company can write of any tools or materials that have been stolen as a loss. This is done for tax purposes.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a company write off tools and materials that are stolen as a loss?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you write a journal entry for a stolen company vehicle?

Assuming that the stolen company vehicle is not covered by an insurance. Determine the remaining book value. You don't record the depreciation but instead you have to write it off or simply record the remaining book value as loss. Then record the fixed asset account as credit. The loss is treated like an expense account.


Who do you write to if you have a suggestion for Disney?

The Walt Disney Company does not accept unsolicited materials. You will need an agent to contact them.


Who does insurance company write check to from stolen car?

Either to the owner or lienholder depending on if there is a loan on the vehicle and if there is a loan, how much is owned. The lienholder gets paid first.


What Company should I write too?

Write "to", not write "too"...What is a company you are interested in hearing from?


What is the function of an drilling tools?

to write with


What did the sribes record on and what was used to write with?

Scribes recorded information on materials like papyrus, clay tablets, or parchment. They used tools like styluses, reed brushes, or quills to write with ink made from substances like soot or plant dyes.


How do you write a First Information report in case cycle is stolen?

by pen...


What were the tools or materials needed to write in cuneiform?

To write in cuneiform, scribes used a reed stylus to make wedge-shaped impressions on clay tablets. The clay tablets were then dried or baked to preserve the writing. Additionally, a ruler or straight edge was used to ensure uniformity in the script.


How do you write stolen in french?

volé / volée a stolen car = une voiture volée (fem.) my wallet was stolen = mon portefeuille a été volé


How to write Letter of explanation for shortages?

You can just write a letter explaining why there was a shortage. As long as the money wasn't stolen, there shouldn't be any problem.


What were the materials that Muslims used to write the words of the Qu'ran down?

The materials that Muslims used to write down the words of the Holy Qur'an were on leave piece of tree, on wooden pieces, on bones and also on some big stone. In that time these materials used to write down.


How do you write statement on a stolen item in your office?

To write a statement on a stolen item in your office, include details such as the description of the stolen item, the date and time it was noticed missing, any suspicious activities or individuals observed, and steps taken to report the theft to authorities or security personnel. Be sure to provide as much information as possible to aid in the investigation.