Asset Infinity

Assets are considered as the backbone of an organization! But we have to remember that assets have a specific life after that period assets disposal is required. In this blog, we have collated a few questions related to assets. So, let us begin! What is Asset Disposal? When assets are in a nonproductive stage and no longer able to fulfill its primary objective then it needs to be disposed of. It is the last stage of the  asset life cycle . Asset disposal is the process in which long term assets are eliminated from the account records and sold at disposal value. What is the Disposal Value? In accounting terms, the asset disposal value is the value at which the asset is sold when an asset is no longer useful. For example, a piece of equipment is installed in a factory and its productive life is over, it is replaced by another updated version of the equipment. The minimum value at which the equipment is sold that is known as disposal value. Also Read:  Asset Management Software: Manage Ac