Surplus Asset Disposition
Disposition of surplus or idle assets is the process of either selling, scrapping, recycling, donating, or disposing an asset. The process involves removing the asset from an organization's books. When this is done effectively, the organization obtains capital that can be placed back into the business. In addition, a good asset sale produces revenue and boosts profits. Donations also build goodwill and deliver tax benefits. The type of disposition method employed will depend on the type of asset, its fair value, and demand for the asset in the marketplace.
Read more about this topic: Asset Recovery
Famous quotes containing the words surplus, asset and/or disposition:
“Dog. A kind of additional or subsidiary Deity designed to catch the overflow and surplus of the world’s worship.”
—Ambrose Bierce (1842–1914)
“When ... did the word “temperament” come into fashion with us?... whatever it stands for, it long since became a great social asset for women, and a great social excuse for men. Perhaps it came in when we discovered that artists were human beings.”
—Katharine Fullerton Gerould (1879–1944)
“Life admits not of delays; when pleasure can be had, it is fit to catch it: every hour takes away part of the things that please us, and perhaps part of our disposition to be pleased.”
—Samuel Johnson (1709–1784)