An Asset Can Be Disposed of by All of the Following

question 179

Multiple Choice

An asset can be disposed of by all of the following except:

• A) Donating it to charity.
• B) Selling it.
• C) Continuing to use it after it is fully depreciated.
• D) Exchanging it for another asset.
• E) Discarding it.

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Definitions:

Six Sigma

A program to save time, improve quality, and lower costs.

Run Test

A test used to examine the points in a control chart to see if non-random variation is present.

Control Chart

A statistical tool used to analyze the stability of processes and monitor if they are in control by plotting data over time.

Acceptance Sampling

A statistical quality control method that involves inspecting a random sample of goods to decide whether the entire batch meets specified criteria.