When a fully depreciated asset is still in use: a. Prior years depreciation should be adjusted. b.

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When a fully depreciated asset is still in use:

a. Prior years" depreciation should be adjusted.

b. The cost should he adjusted to market value.

c. Part of the depreciation should be reversed.

d. The cost and accumulated depreciation should remain in the ledger and no more depreciation should be taken.

e. It should be written olT the books. lp5

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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