If an asset that is not fully depreciated is sold or disposed, but the fixed asset records

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If an asset that is not fully depreciated is sold or disposed, but the fixed asset records are not adjusted, what effect will this have on the financial statements?

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Accounting Information System

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

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Question Posted: Nov 28, 2012 07:18 AM

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If an asset that is not fully depreciated is sold or disposed, but the fixed asset records

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Since the asset remains on the books depreciation on it will continue to ...View the full answer

Accounting Information System

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