Drag the tiles to the correct boxes to complete the pairs. Match the various ways of disposal of business assets to their respective descriptions.
tiles :
like-kind exchange
sale
abandonment
debt repayment
answers
Chez Ltd. Has a warehouse,
which has remained unused
for a long period of time.

Delphi Ltd. hands over
the ownership of its
manufacturing unit to
its lender.

Able Ltd. disposes of its
assets as its depreciated
value is less than its sale
price.

Able Ltd. has a plant, which
it does not use. It gives it to
Delphi Ltd. Delphi Ltd. on the
other hand, hands over the
ownership of its office
premises to Able Ltd.

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