How are fully depreciated assets reported in the balance sheet?

1 answer

Answer

1006488

2026-08-19 19:21

+ Follow

Fully Depreciated Assets are reported on the Balance Sheet as always, with one extra account. Accumulated Depreciation. For Example if a company has a Truck that cost $25,000 and it has been fully depreciated, the entries for the Balance Sheet are

Equipment- Truck $25,000

Less Accumulated Depreciation (*)

Fixed assets remain on the books until said asset is sold, salvaged, or destroyed.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.