At the End of Its Useful Life, the Book Value

question 133

True/False

At the end of its useful life, the book value of an asset must be zero.

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The Financial Accounting Standards Board, an independent organization that establishes accounting and financial reporting standards for companies and nonprofits in the United States.

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FASB

The Financial Accounting Standards Board, the independent organization responsible for establishing accounting and financial reporting standards in the United States.