BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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On what basis does the system determine the period for the asset retirement? Choose the correct answer.
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Net book value
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Asset value date (asset retirement date)
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Explanation:
Detailed explanation-1: -The system interprets the quantity as a ratio to the total quantity of the asset and thereby determines the asset retirement percentage rate. If necessary, you can also manually correct the retirement amounts that were calculated by the system in individual depreciation areas.
Detailed explanation-2: -Asset retirement is the removal of an asset or part of an asset from the asset portfolio. This removal of an asset (or part of an asset) is posted from a bookkeeping perspective as an asset retirement.
Detailed explanation-3: -Answer:ABDIT Certification Guaranteed, The Easy Way!
There is 1 question to complete.