Fully depreciated assetForums › ACCA Forums › ACCA FR Financial Reporting Forums › Fully depreciated assetThis topic has 1 reply, 2 voices, and was last updated 5 years ago by mrjonbain.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts October 26, 2019 at 10:21 am #550856 stevenlinoMemberTopics: 19Replies: 8☆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 mrjonbainModeratorTopics: 6Replies: 2307☆☆☆☆☆It’s carrying value would be zero. However, in order to show true and fair view, revaluation would probably occur before this happens.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In