Question
A plant asset that cost $45,000 and has a related accumulated depreciation account balance of $45,000 is still being used in business operations. Would it
A plant asset that cost $45,000 and has a related accumulated depreciation account balance of $45,000 is still being used in business operations. Would it be appropriate to continue recording depreciation on this asset? Explain. When should the asset's cost and accumulated depreciation be removed from the accounting records?
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Information Technology Auditing And Assurance
Authors: James A. Hall, Tommie Singleton
2nd Edition
0324191987, 978-0324191981
