If a Fully Depreciated Asset with No Residual Value Is

question 273

Multiple Choice

If a fully depreciated asset with no residual value is "retired" to a junk yard without receiving any cash:

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

Criteria

Conditions or parameters specified in a database query that filter which data records are returned in the search results.

Query Design View

An interface in database software that allows users to create queries visually by arranging tables, columns, and specifying criteria.

Field Lists

A graphical user interface element that displays a list of available fields in databases or pivot tables, allowing users to select which fields to display in their data analysis.

Query Design View

A graphical interface in database systems that allows users to create queries by visually arranging tables and establishing criteria without writing code.