This Phase of the Fixed Asset Processes Relates to Discarding

question 76

Multiple Choice

This phase of the fixed asset processes relates to discarding fixed assets when they become old, outdated, inefficient, or damaged.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

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Definitions:

SEC

The Securities and Exchange Commission (SEC) is a U.S. federal agency that oversees and regulates the securities market, protecting investors, maintaining fair, orderly, and efficient markets.

Brick-and-Mortar

Refers to businesses that have physical stores or offices in buildings, as opposed to or in addition to, online or virtual presence.

Compliance

The act of adhering to rules, standards, or laws, often within a regulatory, corporate, or legal context.

Servers

Computer systems or software that provide data, resources, or services to other computers, known as clients, over a network.