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Which of the following statements is NOT true when a fully depreciated long-lived asset is retired? Select one: A. The accumulated depreciation account is debited.
Which of the following statements is NOT true when a fully depreciated long-lived asset is retired?
Select one:
A. The accumulated depreciation account is debited.
B. The asset account is credited.
C. The long-lived asset's carrying amount is equal to its estimated residual value
D. The long-lived asset's original cost equals its carrying amount.
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