When deciding whether to keep or replace a fixed asset,the asset's carrying value could be relevant to the decision.

Name: When deciding whether to keep or replace a fixed asset,the asset's carrying value could be relevant to the decision.
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The decision to keep or replace a fixed asset is typically based on the asset's future economic benefits and not its carrying value, which is an accounting figure representing the asset's cost minus its accumulated depreciation.

When Deciding Whether to Keep or Replace a Fixed Asset,the