If an Asset Is Discarded When It Is Fully Depreciated

question 119

True/False

If an asset is discarded when it is fully depreciated and has no residual value,the business does not need to make a journal entry because the book value is zero.

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Definitions:

Negation

A grammatically correct construction used to assert that a statement is false.

Disjunction

A grammatically correct construction used to assert that one or both of two statements are true.

Truth Table

A mathematical table used in logic to determine the truth value of logical expressions based on their variables' truth values.

Imply

To suggest or express something indirectly or covertly, leaving the full meaning to be inferred by the audience.