An Asset Can Be Disposed of by All of the Following

question 91

Multiple Choice

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.

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Definitions:

Pythagorean Theorem

A fundamental principle in geometry stating that in a right-angled triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the lengths of the other two sides.

Road Building

The engineering and construction process focused on designing, constructing, and maintaining roads.

Coordinates

A set of numbers that determine the position of a point, line, or area in a space.

Centre of Gravity

A geographical location that minimizes transportation costs for a company, considering the locations of suppliers, manufacturing facilities, and markets.