retirement of assets definition
Usually means to scrap a long-term plant asset and receive no proceeds from its disposal.
Usually means to scrap a long-term plant asset and receive no proceeds from its disposal.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.