Concept
Version 7
Created by Boundless
Involuntary Conversion
An involuntary conversion is the forced disposal of an asset.
An airplane manufacturer's involuntary conversion of a plane can result in a loss or gain on the income statement.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"F-14A VF-14 at NAS Fallon 1988."
http://commons.wikimedia.org/wiki/File:F-14A_VF-14_at_NAS_Fallon_1988.JPEG
Wikimedia
Public domain.