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If a plant asset is retired and is fully depreciated (1) again on disposal will be recorded. (2) phantom depreciation must be taken as though

If a plant asset is retired and is fully depreciated (1) again on disposal will be recorded. (2) phantom depreciation must be taken as though the asset were still on the books. (3) a loss on disposal will be recorded. (4) no gain or loss on disposal will be recorded

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