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Fully Depreciated |
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Fully depreciated An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes. Fully Depreciated An asset that has, over time, depreciated to no book value. A company may no longer write off part of the value of a fully depreciated asset because, legally speaking, there is no value. However, the fully depreciated asset may still be used because depreciation often bears only a rough relationship to an asset's actual usable life.
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