2007-03-02 07:50:41 · 2 answers · asked by meher_mehreen 1 in Business & Finance ➔ Other - Business & Finance
tell according to financial accounting..
n pls give breif answers
2007-03-03 00:26:30 · update #1
Whenever you get rid of an asset -- you dispose it. You can sell it, you can throw away, you can recycle it you can donate it. Depending on what that asset is. Any time the asset is no longer used in business it is disposed of. For bookkeeping purposes, you may record whatever you did to it.
I am not sure how deep the question is, do you want to know how to record it on books, or just understand what "dispose of assets" is?
2007-03-02 08:00:47 · answer #1 · answered by Alexander K 3 · 0⤊ 0⤋
several options. you can write them off and discard them, sell them, or trade them in on something else. the accounting is different for each situation.
2007-03-02 16:00:26 · answer #2 · answered by Dale B 3 · 0⤊ 0⤋