Test Your School Business Knowledge

What primary factor should be considered when disposing of fixed assets?

A. The item is of no further use in its current location.
B. There is an updated version of the item from the current vendor.
C. The item has exceeded its useful life and is of no further use to the school district.
D. A similar version of the item is available from another vendor.

Answer: C. The item has exceeded its useful life and is of no further use to the school district.
 

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