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The impact of starting to use a fully depreciated asset is: ineffective and inefficient production a reduction in expense a credit balance to the AFDA

The impact of starting to use a fully depreciated asset is:

  • ineffective and inefficient production
  • a reduction in expense
  • a credit balance to the AFDA

A. Which answer best fits?

Asset are recorded at:

  • proceeds paid
  • cost, net of preparation costs
  • aggregate cost

B. Which answer best fits?

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