Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 11 - Depreciation, Impairments, and Depletion - Review and Practice - Questions - Page 582: 3

Answer

I disagree. Depreciation doesn't affect the value of an asset but rather the cost or the book value of the depreciated asset. The value in assets is majorly dictated by how they are used rather than how they are depreciated.

Work Step by Step

When assets are fully depreciated, they are still maintained in the books until they are disposed.
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