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Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Disposal of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources Disposal of Assets
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Accounting Textbooks Boundless Accounting
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Accounting
Concept Version 7
Created by Boundless

Involuntary Conversion

An involuntary conversion is the forced disposal of an asset.

An involuntary conversion is the forced disposal of an asset.

An airplane manufacturer's involuntary conversion of a plane can result in a loss or gain on the income statement.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "F-14A VF-14 at NAS Fallon 1988."
    http://commons.wikimedia.org/wiki/File:F-14A_VF-14_at_NAS_Fallon_1988.JPEG Wikimedia Public domain.

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