How are fully depreciated assets reported on the balance sheet?
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Studied at the University of Queensland, Lives in Brisbane, Australia.
Fully depreciated assets that continue to be used are reported at cost in the Property, Plant and Equipment section of the balance sheet. ... The cost and accumulated depreciation will continue to be reported until the company disposes of the assets. The disposal might be the sale or the retirement of the assets.
2023-06-10 18:09:02
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Lucas Patel
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Fully depreciated assets that continue to be used are reported at cost in the Property, Plant and Equipment section of the balance sheet. ... The cost and accumulated depreciation will continue to be reported until the company disposes of the assets. The disposal might be the sale or the retirement of the assets.