When a fully depreciated asset is still in use: Select one: a. Past depreciation remains unchanged; no
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Question:
When a fully depreciated asset is still in use:
Select one:
a. Past depreciation remains unchanged; no more depreciation should be taken; the asset continues to be carried on the books at a zero book value.
b. The asset cost on the books should be adjusted to reflect market value.
c. The asset should be removed off the books.
d. Prior years' depreciation should be reversed.
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