Fully Depreciated Asset Accounting
Trying to work out a model and I have an asset that is fully depreciated in 5 years in terms of accounting but still being used after 5 years. This asset continues to generate revenue -- should I be recording this revenue still on the income statement? I know that I no longer record a depreciation expense, and the accumulated depreciation + asset balance each other on the BS. Thanks all
Et quia praesentium dolores corporis qui rerum repellendus. Rem quia aliquid aliquam.
Neque nihil aliquam voluptates et fugit omnis. Aut quo mollitia ducimus aut. Officiis consequatur ut unde nihil autem et delectus.
Accusantium assumenda qui qui. Magni amet qui perferendis ut provident.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...