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    Exam 10: Plant Assets, Natural Resources, and Intangibles
  5. Question
    When a Plant Asset Is Discarded That Is Fully Depreciated
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When a Plant Asset Is Discarded That Is Fully Depreciated

Question 107

Question 107

True/False

When a plant asset is discarded that is fully depreciated and has no residual value, the business will remove the plant asset account and accumulated depreciation account from the books.

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