Archive for May 9th, 2005
This week’s Carnival of the Capitalists is up at A Penny For….
Real Life Accounting: Recently, I was asked whether an asset that is fully depreciated could continue to be depreciated because the asset was still in service. The answer is “no” because once an asset is fully depreciated there is nothing left to depreciate. The accounting concept of “book value” needs to be understood in order [...]
