Your friend Pete owns a small business, and he's not sure how he should treat fully depreciated assets on his company's balance sheet. What advice should you offer to Pete? O "Because the assets are fully depreciated, there is no need to report either the assets or their accumulated depreciation on the balance sheet. However, if you do choose to include them on the balance sheet, you need to continue increasing the accumulated depreciation to reflect the fact that the firm is actually increasing its income by not investing to replace the assets." O "Even though the assets are fully depreciated, you need to continue to report both the assets and their accumulated depreciation on the balance sheet to indicate that the assets are still in use. Furthermore, you need to continue increasing the accumulated depreciation on the assets to reflect the fact that the firm is actually increasing its income by not investing to replace the assets." O "Even though the assets are fully depreciated, you need to continue to rep