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    Survey of Accounting Study Set 7
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    Exam 7: Fixed Assets, Natural Resources, and Intangible Assets
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    A Fully Depreciated Asset Must Be
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A Fully Depreciated Asset Must Be

Question 52

Question 52

Multiple Choice

A fully depreciated asset must be:


A) removed from the books.
B) kept on the books until sold or discarded.
C) disclosed only in the notes to the financial statements.
D) recognized on the income statement as a loss.

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