Court Opinion

ID: 8718195
Source: CourtListenerOpinion
Date Created: 2022-11-26 08:06:38.063093+00
Date Added: 2024-06-11T16:58:54.420589
License: Public Domain

WHITAKER, Judge
(dissenting).
I am unable to agree with the opinion of the majority. In determining its net loss plaintiff deducted depreciation. The fact that it received from the insurance company $54,860.69 more than the depreciated book value of the equipment that was destroyed shows that it had taken more depreciation than it should have taken. Likewise, the fact that it was able to sell some of the equipment used on the job for $290,409.01 more than its depreciated book value, shows that it had taken too much depreciation on it. Its claimed loss, therefore, should be offset by the amount of the excessive depreciation taken.
JONES, Chief Judge, concurs in this dissent.