How is depreciation accounted for if disposal of a plant asset occurs during the year? A : It is not recorded for the year. B : It is not recorded if the asset is scrapped. C : It is recorded for the fraction of the year to the date of the disposal. D : It is recorded for the whole year.
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Home » Business » How is depreciation accounted for if disposal of a plant asset occurs during the year? A : It is not recorded for the year. B : It is not recorded if the asset is scrapped. C : It is recorded for the fraction of the year to the date of the disposal.