--%>

What is Asset Disposition

Asset Disposition: Getting rid of the asset or security via a direct sale or some other technique. Quite frequently you will observe insider trades report a "disposition" of some number of shares; this merely means that they sold them.

The depreciable assets are disposed of by selling, retiring, or exchanging them. Whenever depreciable asset is disposed of, an entry is prepared to recognize any unrecorded depreciation expenditure up to the date of the disposition, and then the asset's cost and accumulated depreciation are eliminated from the respective general ledger accounts. Any recognized losses or profits related with the disposition are recorded in a separate account and emerge in the part of the income statement named other income or expenditure, net.

   Related Questions in Financial Accounting

  • Q : Financial report Details of Assignment

    Details of Assignment : You are required to form a team (group) of 3 to 4 m embers. Let your lecturer know the names of your team members. Select a set o f financial statements for a group of companies and obtain approval from your le cturer for the group of companies that you have selected.

  • Q : Forecast future and forward exchange

    It is extremely difficult in order to forecast future exchange rates more precisely as compared to forward exchange rate or to the current spot exchange rate, as per the researchers. How these findings can be interpreted?

  • Q : Cash flows from operating activities A

    A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities

  • Q : Define Expenditures Define Expenditures

    Define Expenditures with suitable example?

  • Q : Benefits for a company to cross-list

    Explain the benefits you can think of for a company to (a) cross-list its equity shares on more than one national exchange, and, (b) to source new equity capital from foreign investors as well as domestic investors.

  • Q : Describe Short Holding Period Describe

    Describe Short Holding Period briefly with suitable example?

  • Q : Swap broker and swap dealer State the

    State the difference between the swap broker and the swap dealer.

  • Q : Current and capital account deficit

     Exhibit 3.3 states that in year 1991, the U.S. had current account deficit and consecutively a capital account deficit. Explain about how this may occur?

  • Q : Characteristics of Floating-rate notes

    State the characteristics of the Floating-rate notes (FRNs) bond market instrument.

  • Q : Universities Essay topics I have a

    I have a problem with the following Essay topics illustrated below: Topic A:What is the ultimate goal of yoga practice according to Patanjali, and how do