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View Full Version : Discarding an asset


ashley568
Jun 13, 2008, 08:57 PM
Would you consider discarding an asset the same as retiring it?

morgaine300
Jun 13, 2008, 11:28 PM
Um, probably. Presumably when someone says they're "discarding" it, they're meaning getting rid of it, as opposed to selling it. Retiring it is mean putting it out of use (whether it's literally gotten rid of or not), so it is still removed from the books at that point.