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.

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Definitions:

Environmental Downsizing

The process of reducing a company's environmental impact through smaller operations, waste reduction, and efficient resource use.

Green Marketing

Strategies aimed at advertising goods or services highlighting their ecological advantages or sustainability.

Ancillary Support

Additional services or support provided alongside a main service or product to enhance its value or effectiveness.

Agrarian-Base

Relating to or concerning the land, especially in terms of agricultural production.