Once an Asset Is Fully Depreciated,it May Not Be Used

question 141

True/False

Once an asset is fully depreciated,it may not be used any more,but must be sold or disposed of.

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Definitions:

Lay Witness

A witness who can truthfully and accurately testify on a fact in question without having specialized training or knowledge; an ordinary witness.

Nose Reconstruction

A surgical procedure aimed at restoring the form and functionality of the nose.

Expert Witness

An expert witness is a specialist in a particular field who is called upon to provide expert testimony or evidence in a court of law.

Eyewitness

A person who has seen something happen and can give a first-hand description of it.