Disposal Consideration Flashcards
1
Q
What is the disposal consideration usually?
A
The sale proceeds for the asset
2
Q
What is the exception to this rule?
A
If the asset is gifted to someone, we use the market value
3
Q
What is deducted from disposal consideration to achieve net disposal consideration?
A
Incidental costs of disposal
4
Q
What are some incidental costs of disposal?
A
- auctioneer’s fees
- estate agent fees
- legal costs
