When an Asset Lasts Longer Than Its Estimated Useful Life,depreciation

question 139

True/False

When an asset lasts longer than its estimated useful life,depreciation no longer should be recorded past the point at which its carrying value equals its residual value.

---

Definitions:

Internal

Existing or situated within something; inside.

Stable

Having a firm, steady state or condition that is resistant to change or disorder.

Global Explanations

Broad, generalized reasons or explanations for events or behaviors that extend beyond specific instances to form a general outlook.

Biopsychosocial Approach

A holistic perspective in health sciences that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and healthcare.