An Asset Can Be Disposed of By

question 163

Multiple Choice

An asset can be disposed of by:

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

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Definitions:

Government

The governing body of a nation, state, or community, which provides leadership, makes laws, and manages public services and resources.

Lives

The existence of individuals or organisms, characterized by growth, reproduction, and the capacity for continual change preceding death.

Liberties

Fundamental rights and freedoms that are protected from infringement by the government or other entities, such as freedom of speech and religion.

Written Constitution

A formally documented constitution that outlines the system of government and fundamental laws of a nation or state.