If an Asset Is Being Discarded Then There Is No

question 87

True/False

If an asset is being discarded then there is no need to update the depreciation prior to disposal.

---

Definitions:

Warranties

Guarantees issued by a manufacturer or seller to a consumer, promising repair or replacement of a product within a specified period.

Positioning

Form of promotion in which marketers attempt to establish the identity and value of their products in the minds of customers by communicating to buyers meaningful distinctions about the attributes, price, quality, or use of a good or service.

Promotion

Function of informing, persuading, and influencing a purchase decision.

Identity

The distinctive characteristics or personality of an individual, organization, or brand, which sets it apart from others.