If a plant asset is retired and is fully depreciated

ACC 291 Entire Course Link

https://uopcourses.com/category/acc-291/
If a plant asset is retired and is fully depreciated

 

phantom depreciation must be taken as though the asset were still on the books.

 

a loss on disposal will be recorded.

 

no gain or loss on disposal will be recorded.

 

a gain on disposal will be recorded.

 
Powered by