Regardless of the type of plant asset disposal,the first step is to bring the depreciation up to date.

Name: Regardless of the type of plant asset disposal,the first step is to bring the depreciation up to date.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

Depreciation needs to be brought up to date before disposing of any plant asset, regardless of the type of disposal. This ensures that the asset's value is accurately reflected in the financial statements and any gains or losses from the disposal are properly recorded.

Regardless of the Type of Plant Asset Disposal,the First Step