If a Fully Depreciated Plant Asset Is Still Used by a Company

question 5

Multiple Choice

If a fully depreciated plant asset is still used by a company, the

• A)estimated remaining useful life must be revised to calculate the correct revised depreciation.
• B)asset is removed from the books.
• C)Accumulated Depreciation account is removed from the books but the asset account remains.
• D)asset and the Accumulated Depreciation continue to be reported on the balance sheet without adjustment until the asset is retired.

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