Match these terms with their correct definition.
-Situation where an asset is lost or destroyed through theft, acts of nature, or by accident
A)Book value
B)Cost
C)Depletion
D)Depreciable cost
E)Depreciation
F)Impairment
G)Involuntary disposal
H)Residual value

Question

Quizplus · Accepted Answer

Involuntary disposal refers to the situation where an asset is lost or destroyed through theft, acts of nature, or by accident.

Match These Terms with Their Correct Definition