An asset can be disposed of by all of the following except:
A)Discarding it.
B)Selling it.
C)Exchanging it for another asset.
D)Donating it to charity.
E)Continuing to use it after it is fully depreciated.

Question

Quizplus · Accepted Answer

Continuing to use an asset after it is fully depreciated is not a disposal method, as the asset is still being used by the organization. All other options - discarding, selling, exchanging, and donating - involve removing the asset from the organization's possession.

An Asset Can Be Disposed of by All of the Following