Which of the Following Are Ways in Which a Residual

question 57

Multiple Choice

Which of the following are ways in which a residual value can be recovered from an asset on its disposal?
I. Trade in
II. Sell second-hand
III. Gift the asset to charity
IV. Sell for scrap

• A) I, II, III and IV
• B) I, II and III only
• C) II, III and IV only
• D) I, II and IV only

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Definitions:

Bond

A security reflecting a relatively long-term debt relationship between the issuer (borrower) and the buyer (lender).

Financial Market

A marketplace where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives.

Securities

Financial instruments representing an ownership position, a creditor relationship, or rights to ownership, such as stocks, bonds, and options.

Regulated

Controlled or governed according to rules, typically by a government agency or authority.