At the time a plant asset is being discarded or sold,it is necessary to update the accumulated depreciation of the plant asset to the date of disposal.

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When a plant asset is being discarded or sold, it is necessary to update the accumulated depreciation of the asset to the date of disposal in order to determine the gain or loss on disposal. This is done by subtracting the updated accumulated depreciation from the original cost of the asset to determine the asset's book value at the time of disposal.

At the Time a Plant Asset Is Being Discarded or Sold,it