An Asset Disposal Plan is pretty much what it sounds like: a business planning out how they will get rid of assets. Disposal of equipment, especially infrastructure equipment used by governments, can be costly, as much as 5% of the life cycle cost of the item. In other words, when you calculate the cost of the item, you have to include getting rid of it too.
For instance, the local road commission deals with some large machines. They have pavers, cement trucks, Caterpillars, those dump trucks that look like a really big version of what kids play with in sandboxes...Disposing of those when they break down or are no longer needed would be costly.
The asset disposal plan outlines how the business will dispose of it, and what it will cost. The plan should also outline what equipment will be used once the current stuff is gone (whether it will be replaced or not). Assets can be sold, demolished on site, or taken elsewhere to be destroyed (like a garbage dump). Regardless of the option chosen, this plan outlines the details of it.
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Finance: What is liability?3 Views
Finance allah shmoop What is a liability What is it
it's what you owe you bought four million gumballs on
credit for your party pack for the parade the money
is owed to gumballs are us in ninety days that's
a short term liability Alright next example you borrowed eighty
three million dollars to set up your new do dental
drive through service and that money is due in twelve
years at seven percent interest a year that's A long
term liability Why long term Because it comes due in
over a year and that's basically it liability comes in
two flavors short and long term and it's one of
the key elements of the balance sheet as it lives
in this space ride over here So yeah that's a
liability all this crap time now considering how many gumballs
you've consumed in the past month you really should get
yourself to a good drive through dentist or maybe sleep 00:00:56.998 --> [endTime] in mr
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