When an Asset Is Fully Depreciated

question 7

Multiple Choice

When an asset is fully depreciated:

• A)the book value is zero, and the asset has no market value.
• B)the book value is equal to the salvage value, and the asset has reached the end of its estimated useful life.
• C)the depreciable cost is equal to the salvage value, and the asset is of no further use to the company.
• D)the total depreciation is equal to the accumulated depreciation, and the asset has reached the end of its actual useful life.

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