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22. Which of the following is included in the cost of constructing a building? A. Cost of paving parking lot B. Insurance costs during construction. C. Cost of repairing vandalism damage during construction. D. None of the above. 23. A revenue expenditure results in a debit to A. An asset account. B. A liability account C. An expense account. D. A revenue account. 24. Pauting a new roo on a buiding is an exampl of a capital espanditure. A. True. B. False. 25. Depreciation is a method of allocating the cost of a fixed asset A. Over periods during which the company is paying for the asset B. During the life of the company C. Over periods of declining value. D. Over the asset's useful life. 26 Under the straigimhod of depreciaion, the umount of depreciation expense will be the same each period. A. True. B. False. 27. The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is A. Straight-line. B. Units-of-output. C. Double-declining balance. D. Both B and C above. 28. If a fixed asset has a cost of 75,000 and accumulated depreciation of s60,000 is sold for $25,000, the company would recognize a loss of $10,000. A. True. B. False 29. The cost of natural resources is depleted using which of the following methods? A. Double-declining balance. B. Straight-line. C. Units-of-activity D. Any of the above is acceptable. 30. Which of the following methods should be used to amortize intangibles? A. Double-declining balance. B. Units-of-activity. C. Straight-line. D. None of the above

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