When a fully depreciated asset is still in use: a. Prior years depreciation should be adjusted. b.
Question:
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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Related Book For
Accounting A Business Perspective
ISBN: 9780075615859
7th Edition
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
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