As shown in the accompanying figure, item 3 points to the ____.
Definitions:
Fully Depreciated
Fully Depreciated refers to an asset that has reached the end of its useful life, and its book value is equal to its salvage value in the financial records.
Double Diminishing-Balance
A method of accelerated depreciation which charges depreciation at a higher rate in the early years of an asset's life.
Accumulated Depreciation
The total amount of an asset's cost that has been allocated as depreciation expense over its useful life.
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