If a Fully Depreciated Asset with No Residual Value Is

question 90

Multiple Choice

If a fully depreciated asset with no residual value is retired without receiving any cash on retirement:

• A)a gain on disposal will be recorded.
• B)depreciation must be recorded as though the asset were still on the books.
• C)a loss on disposal will be recorded.
• D)no gain or loss on disposal will be recorded.

---

Definitions:

Error of Estimation

The difference between a population parameter and its estimate derived from a sample.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Confidence Level

The probability or likelihood, expressed as a percentage, that a confidence interval actually includes the true parameter value.

Confidence Level

Expressed in percentage terms, this statistical measure tells us how confident we can be about the range within which the true parameter of a population lies, based on sample data.