Generally, a business removes a plant asset from use and disposes of it
A) when a profit can be made on the disposal.
B) when the asset is no longer usable.
C) when the asset is three years old.
D) at the end of each fiscal year.

Question

Quizplus · Accepted Answer

An asset is typically removed from use and disposed of when it is no longer usable or functional for the business, not necessarily based on profit, age, or fiscal year timelines.

Generally, a Business Removes a Plant Asset from Use and Disposes