If an asset is fully depreciated and retired
A)a gain on disposal will be recorded.
B)depreciation must continue to be taken as though the asset were still on the books.
C)a loss on disposal will be recorded.
D)no gain or loss on disposal will be recorded.

Question

Quizplus · Accepted Answer

When an asset is fully depreciated and retired, it means its book value is zero, so no gain or loss is recorded upon its disposal.

If an Asset Is Fully Depreciated and Retired