Fully depreciated asset

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October 26, 2019 at 10:21 am #550856
stevenlino
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Please what happens to a fully depreciated asset, even though it is still fit to be use in the company.
October 26, 2019 at 4:10 pm #550893
mrjonbain
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It’s carrying value would be zero. However, in order to show true and fair view, revaluation would probably occur before this happens.
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