At the end of its useful life, an asset is said to be fully depreciated.

Name: At the end of its useful life, an asset is said to be fully depreciated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When an asset has been depreciated fully, it means that its cost has been fully expensed, and the asset is no longer able to generate any further revenue for the business. Therefore, the asset is considered to have reached the end of its useful life.

At the End of Its Useful Life, an Asset Is