This phase of the fixed asset processes relates to discarding fixed assets when they become old, outdated, inefficient, or damaged.
A)Depreciation
B)Acquisition
C)Disposal
D)Continuance

Question

Quizplus · Accepted Answer

Disposal is the phase of the fixed asset processes that relates to discarding fixed assets when they become old, outdated, inefficient, or damaged. Depreciation is the method of allocating the cost of a fixed asset over its useful life. Acquisition is the phase of the fixed asset processes that involves acquiring new fixed assets. Continuance is not a phase of the fixed asset processes.

This Phase of the Fixed Asset Processes Relates to Discarding