If an Asset Is Fully Depreciated and Retired for Proceeds

question 136

Multiple Choice

If an asset is fully depreciated and retired for proceeds equal to its residual value

• A)a gain on disposal will be recorded.
• B)depreciation must continue to be taken 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.

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Definitions:

Administered

The organized distribution or application of a test, survey, or treatment within a research study or therapeutic setting.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to act.

Focus Group

A qualitative research method involving a small, demographically diverse group of people whose reactions are studied especially in response to new products or policies.

Group Interview

A method of collecting qualitative data that involves simultaneous interaction with multiple participants to explore their perceptions, ideas, or opinions.