Once an Asset Is Fully Depreciated No Additional Depreciation Can

question 67

True/False

Once an asset is fully depreciated no additional depreciation can be taken even though the asset is still being used by the business.

---

Definitions:

Line-judgment Task

A psychological task used to study conformity, in which participants must match lines of different lengths.

Wrong Answer

An incorrect response to a question or problem, often resulting from misunderstanding the question or lack of knowledge about the subject.

Research Participants

Individuals who take part in a research study, providing data or undergoing certain conditions for the purpose of scientific inquiry.

Asch Line-length Experiment

A social psychology experiment demonstrating the power of conformity, where individuals doubted their own perceptions in a group setting to match the group opinion.