in General Accounting Q&A by
Please what happens practically in a company to an asset that has been fully  depreciated . Like for example;  a vehicle that has been fully depreciated, but it is still good to be used.

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In normal practice either revalue the stock with market price or maintain at $1.
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by Level 1 Member (1.8k points)
In the books of accounts it will have zero values but it will surely exist for all practical aspects/purposes.

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