if you have fully depreciated the asset, lets call it a Cray supercomputer that you paid $1,000,000 for, but its still being used - whats its value in use? You have a book value of "0", but it is still in use (kind of like the 98 OS on submarines), but without the equipment you can't do your job, so it has value, doesn't it?

Answer rating: 100% (QA)

If a fully depreciated asset such as a Cray supercomputer still has value and is being used in the b... View the full answer