If a Fully Depreciated Long-Lived Asset Is Still Used by a Company

question 174

Multiple Choice

If a fully depreciated long-lived asset is still used by a company, the

• A) estimated remaining useful life must be revised to calculate the correct revised depreciation.
• B) asset is removed from the books.
• C) accumulated depreciation account is removed from the books but the asset account remains.
• D) asset and the accumulated depreciation continue to be reported on the balance sheet without adjustment until the asset is retired.

Understand the factors influencing causal attributions, including consensus, distinctiveness, and consistency.

Acknowledge the role of attribution errors in organizational perception and decision-making.

Identify the conditions that lead to internal versus external attributions of behavior.

Apply knowledge of personal and situational attributions to workplace situations and performance assessment.

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