Question: Plant assets will become completely useless at some future time. At that time, the item is no longer an asset. Usually this process occurs gradually;

Plant assets will become completely useless at some future time. At that time, the item is no longer an asset. Usually this process occurs gradually; that is, a portion of the asset is used up in each year of its life, until finally it is scrapped or sold and therefore is no longer __ ful to the entity. At that time, it [is / is not] an asset.

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