Can the Accumulated Depreciation of a Depreciable Asset Be Greater

Multiple Choice

Can the accumulated depreciation of a depreciable asset be greater than an assets cost when it is fully depreciated and still in use?

A) Yes - as it is still in use it continues to be depreciated.
B) No - although it is still in use it does not continue to be depreciated.
C) No - because the asset is considered retired even though it is still in use.
D) Yes - as the asset is retired and then reinstated on the books to be depreciated for its continued use.