Aid of a fixed asset to which all the Depreciation the tax law allows has been charged. Asset is carried on the books at its Residual Value although its Liquidating Value may be higher or lower.
Fully Depreciated
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Said of a fixed asset to which all the Depreciation the accounting or tax law allows has been charged. The asset is carried on the books at its Residual Value, although its Liquidating Value may be higher or lower.
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 | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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