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.

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Definitions:

Joint Probability Distribution

A joint probability distribution represents the probability of two or more events happening at the same time and their interrelations.

Probability Distribution

Probability distribution describes the likelihood of occurrence of different possible outcomes for an event, represented through a function or table.

Golfing Store

A retail establishment that specializes in selling golf equipment, clothing, and accessories.

Joint Probability Distribution

A joint probability distribution shows the probability of two or more events happening at the same time, considering all combinations of the variables involved.