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GCSE Business 2020-2022 OCR

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Question:

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

Author: go kys



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]


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go kys
go kys