Once an Asset Has Been Abandoned, Amortization Stops and It

question 126

True/False

Once an asset has been abandoned, amortization stops and it is written down to its recoverable value.

---

Definitions:

Mandatory

Required by law or rules; obligatory, leaving no option for non-compliance.

First-Listed Code

The first-listed code in ICD coding is the diagnosis code that is primarily responsible for the admission or encounter of a patient.

Discharge Diagnosis

The final determination of the patient's condition made by medical professionals at the time of discharge from a medical facility.

Suspected Diagnosis

An initial judgment on a patient's condition based on the symptoms presented, awaiting confirmation through further tests.