Multiple Cholce Question 148 If a fully depreciated plant asset is still used by a company, the estimated remaining useful life must be revised to calculate the correct revised depreciation. accumulated depreciation account is removed from the books but the asset account remains. O asset is removed from the books. asset and the accumulated depreciation continue to be reported on the balance sheet without adjustment until the asset is retired. Question Attempts: O of 1 used SAVE FOR LATER SUBHIT