11-1,1. Compare and contrast different ways in which a taxpayer triggers a realization event by disposing of an asset.

An acknowledgment occasion for charge intentions is made from multiple points of view. For all intents and purposes, any removal will bring about a deal or other mien. These incorporate a deal, exchange, blessing to a good cause, removal to the landfill, or obliteration in a catastrophic event. In a deal or exchange, the citizen gets esteem as a trade-off for the resource. Conversely, a beneficent commitment, removal, or annihilation from a catastrophic event, for the most part, brings about a deficiency of any leftover premise in the resource without remuneration.

Question - From a theoretical point, is it fair that if you remove an asset there is a realization? Ultimately if a firm chooses to remove or discard an asset why should there be a penalty? Should the firm have a reasonable right to make decisions on their assets to better operate their business?