An Asset Can Be Disposed of by

question 36

Multiple Choice

An asset can be disposed of by

• A)Discarding
• B)Selling
• C)Exchanging
• D)Donating it to charity
• E)All of these

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Definitions:

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.

Utilization

The extent to which a resource, such as equipment or labor, is being used effectively to produce goods or services.

Efficiency

The ratio of the output gained from a system to the input used, typically expressed as a percentage indicating performance or productivity.

Expected Monetary Value

A statistical measure used in decision-making under uncertainty, calculating the average outcome when future events have varying monetary values.