When an Asset Is Fully Depreciated

question 166

Multiple Choice

When an asset is fully depreciated:

• A) the total depreciation is equal to the accumulated depreciation, and the asset has reached the end of its actual useful life.
• B) the book value is equal to the salvage value, and the asset has reached the end of its estimated useful life.
• C) the depreciable cost is equal to the salvage value, and the asset is of no further use to the company.
• D) the book value is zero, and the asset has no market value.

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Definitions:

Lens

Transparent structure in the eye or an optical device that converges or diverges light to form an image.

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the phenomenon of sight.

Brightness

The perception of how luminous an object appears to the human eye, influenced by the amount of light it emits or reflects.

Accommodate

To make adjustments or modifications to suit a particular need or condition.