Which of the following is not true about betterments: A. They are also called improvements. B. They do not always increase an asset's life. C. They are revenue expenditures making a plant asset more efficient or productive D. they are capital expenditures: The intangible asset of leasehold: A. Is a short-term rental agreement. B. Are the rights granted to the lessee by the lessor of a lease. C. Is the same as a patent D. Is recorded as revenue expenditure when paid. When a company constructs a building, the cost of the building includes materials and labor, design fees and building permits True False Land is the only asset that is not subject to annual depreciation. True False Standing timber, mineral deposits, and oil and gas fields are all examples of naturial resources category of assets. True False A machine acquired on March 1 would be depreciated a total of nine months for the year ended December 31 True False
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