Once an Asset Is Fully Depreciated, No Additional Depreciation Can

question 105

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:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Substance Related Costs

Financial, social, and health-related expenses incurred due to the use and abuse of drugs and alcohol.

Marijuana

A psychoactive drug from the Cannabis plant, used for medical or recreational purposes.