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Can the accumulated depreciation of a depreciable asset be greater than an assets cost when it is fully depreciated and still in use? Yes -

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Can the accumulated depreciation of a depreciable asset be greater than an assets cost when it is fully depreciated and still in use? Yes - as it is still in use it continues to be depreciated. Yes - as the asset is retired and then reinstated on the books to be depreciated for its continued use. No - although it is still in use it does not continue to be depreciated. No - because the asset is considered retired even though it is still in use

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