When a fixed asset is fully depreciated, its net book value is
Answer Details
When a fixed asset is fully depreciated, its net book value is equal to zero.
Depreciation is the process of allocating the cost of a fixed asset over its useful life, and at the end of its useful life, the asset is said to be fully depreciated. At this point, the accumulated depreciation will be equal to the original cost of the asset. Therefore, the net book value of the asset, which is the cost of the asset minus its accumulated depreciation, will be zero.
In other words, when an asset has been fully depreciated, it means that its cost has been fully spread over its useful life, and there is no value left to be carried on the books. The asset may still have some value in the market, but on the books, its net book value will be zero.