Disposal of Fixed Asset of an NGO

komal ameta (1 rear) (60 Points)

06 October 2021  

Dear Experts,

The Query is regarding NGO Accounting. 

A fixed asset has a minimum scrap value and its life has expired. Can an NGO dispose of it without selling it?

If yes? what should be the procedure to be followed by the NGO.

 

Regards,

Komal.