Which of the Following Statements About the End of an Asset's

Multiple Choice

Which of the following statements about the end of an asset's life is correct?

A) At the end of an asset's life,its book value should equal its depreciable cost.
B) At the end of an asset's life,the Accumulated Depreciation should equal the residual value.
C) Assets are depreciated below residual value only when the double-declining balance method is used.
D) At the end of an asset's life,the book value would equal zero if there is no residual value.