Prior to the disposal of an asset,depreciation should be updated and recorded.

Name: Prior to the disposal of an asset,depreciation should be updated and recorded.
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Prior to disposal, it is essential to update the depreciation of the asset to reflect its current value and record it accurately in the books of accounts. This ensures that the disposal of the asset is done at its correct net book value, and any gain or loss on disposal is calculated accurately.

Prior to the Disposal of an Asset,depreciation Should Be Updated