Which of the following are ways in which a residual value can be recovered from an asset on its disposal?
I. Trade in
II. Sell second-hand
III. Gift the asset to charity
IV. Sell for scrap

Question

Quizplus · Accepted Answer

Options I, II, and IV are common ways to recover residual value from an asset on disposal. Option III is not a viable method for recovering residual value, as it involves giving the asset away instead of selling it. Therefore, choice D (I, II, and IV only) is the correct answer.

Which of the Following Are Ways in Which a Residual