Accounting for IGCSE & O level - Accounting Procedures (Section 14 - No. 8)
Which of the following best describes how the depreciation expense would be treated when disposing of an asset?
Continue depreciating the asset as if it were still in use.
Recognize depreciation expense up to the date of disposal and then cease.
Immediately write-off the total accumulated depreciation.
Reduce the depreciation expense for all prior periods.
Explanation
Depreciation is calculated until the asset is no longer in use.
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