The Asset Disposal May Be a Result of Several Events & Rest Purposes

I. The asset disposal may be a result of several events:

• An asset is fully depreciated and must be disposed of.
• An asset is sold because it is no longer useful or needed.
• An asset must be removed from the books due to unforeseen circumstances.

II. For the Purpose of Loan/ Mortgage

III. Valuation of Assets of a company as per Companies Act 2013