Asset disposal refers to the process of selling, recycling, or otherwise getting rid of assets that are no longer needed or useful for a business or individual. This can include items like equipment, vehicles, or real estate. Proper disposal helps organizations manage their resources effectively and can also provide financial returns.
The disposal process often involves assessing the value of the asset, determining the best method for disposal, and ensuring compliance with any legal or environmental regulations. Effective asset management practices can help maximize returns and minimize losses during this process.