In real estate what happens at the end of the asset's productive life? What happens at...
In real estate what happens at the end of the asset's productive life? What happens at disposition?
Homework Answers
At the end of an asset productive life it has to be disposed off. The asset is fully depreciated and must be sold off at a Salvage value. This is the amount received at the time of disposition.
If the asset is fully depreciated the tax on capital gain has to be computed and this is payable in case there is a capital gain. Asset disposition may take place either through direct sale or some other transfer method.
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In real estate what happens at the end of the asset's productive
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