SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

GCSE Business 2020-2022 OCR

» Start this Course
(Practice similar questions for free)
Question:

What is Selling Unwanted Assets, and give Advantages and Disadvantages for it

Author: eric_galvao



Answer:

-This is simply selling Assets that aren't Used, examples can be Land, Buildings, Machinery or Equipment. A: Business still has Full Ownership, and that no Finance needs to be Repaid D: Defiantly not a Long Term Finance Source as this is more of a One off Basis D: Value of the Business will Drop, as they don't owe the Asset anymore D: Depreciation is more than Likely going to happen to the Asset [Price falls over Time]


0 / 5  (0 ratings)

1 answer(s) in total