Which of the Following Statements Is Not True When a Fully

question 40

Multiple Choice

Which of the following statements is not true when a fully depreciated long-term asset is retired?

• A)The long-term asset's book value is equal to its estimated salvage value.
• B)The accumulated depreciation account is debited.
• C)The asset account is credited.
• D)The long-term asset's original cost equals its book value.

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