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Disposal
The process of getting rid of an asset or waste material, including selling, recycling, or discarding.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its use and wear and tear over time.
Loss on Disposal
The financial loss incurred when an asset is sold for less than its book value.
Plant Asset
Long-term tangible assets that are used in the production of goods or services and are not intended for sale.
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