If a Plant Asset Is Retired and Is Fully Depreciated

question 212

Multiple Choice

If a plant asset is retired and is fully depreciated,

• A)a gain on disposal will be recorded.
• B)phantom depreciation must 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.

---

Definitions:

Negative Message

Communication that conveys unfavorable or adverse information, decisions, or feedback.

Negative Message

Communication that conveys denial, refusal, or bad news to the recipient in a diplomatic and courteous manner.

Describe the Problem

Involves clearly and concisely stating the issue or challenge that needs to be addressed.

Fixing the Problem

The process of identifying, analyzing, and resolving issues or defects.