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Andrea Umali
on Nov 14, 2024

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Once an asset is fully depreciated no additional depreciation can be taken even though the asset is still being used by the business.

Fully Depreciated

An asset has reached the end of its useful life, and its book value is reduced to salvage value or zero.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

  • Understand the concepts and practices related to the depreciation of assets.
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Fonisha HardyNov 19, 2024
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