Disposition of Depreciable Assets

Disposition of Depreciable Assets - Disposition of...

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Disposition of Depreciable Assets Depreciable assets are disposed of by retiring, selling, or exchanging them. When a depreciable  asset is disposed of, an entry is made to recognize any unrecorded depreciation expense up to the  date of the disposition, and then the asset's cost and accumulated depreciation are removed from  the respective general ledger accounts. Any recognized losses or gains associated with the 
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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