If an Asset Is Fully Depreciated,but It Can Continue to Be

question 28

True/False

If an asset is fully depreciated,but it can continue to be used,the asset account and accumulated depreciation balance remain on the books,and no further depreciation is recorded.

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Definitions:

Biotic Factor

A living component of an ecosystem, such as plants, animals, and microorganisms, that affects and interacts with other organisms in their environment.

Bacteria

Microscopic single-celled organisms that inhabit virtually all environments on Earth, including soil, water, and living organisms, playing critical roles in various ecosystems.

Aquatic Life Zone

Areas in water bodies, such as lakes, rivers, and oceans, that support life, including various plants, animals, and microorganisms.

Level of Organization

Describes the hierarchy in biology from the atomic and molecular scale up through cells, tissues, organs, organisms, populations, communities, ecosystems, and the biosphere.