An asset disposal option refers to the various means available to get rid of an asset that is no longer required or has become obsolete. Synonyms for this term could include asset liquidation, asset divestment, asset sale, or asset disposal plan. These terms all convey the idea of transferring ownership or getting rid of an unwanted asset. Other related terms include asset write-off, which is the recognition of an asset's loss in value, and asset retirement, which is the formal process of taking an asset out of service and disposing of it. Whatever the terminology used, careful consideration should be taken when choosing the best course of action for disposing of an asset.