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 be 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 off the books.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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