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.

---

Definitions:

Psychological Trauma

Emotional responses to distressing events that are overwhelming and may result in long-term challenges in functioning and coping.

Visible Scars

Physical marks on the body that are easily seen and often result from injuries or surgeries.

Physical Injuries

Harm or damage to the body caused by accidents, violence, or any external force, often requiring medical intervention.

Emotional Abuse

A form of abuse characterized by a person subjecting another to behavior that can result in psychological trauma, including anxiety, chronic depression, or post-traumatic stress disorder.