Which of the Following Statements Is Not True When a Fully

question 145

Multiple Choice

Which of the following statements is not true when a fully depreciated plant asset is retired?

• A) The plant 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 plant asset's original cost equals its book value.

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Definitions:

Polygenic Traits

Traits that are influenced by more than one gene, exhibiting a wide range of phenotypes.

Dominance

In genetics, the phenomenon where one allele masks the expression of another allele at the same locus.

Recessiveness

A term in genetics where a trait is not expressed in the presence of a dominant allele, requiring two copies of a recessive allele for expression.

Economies of Scope

Economies of scope describe cost advantages that enterprises obtain due to a broader scope of operations, where producing a wider variety of goods or services leads to lower average costs.