T F In calculating depletion the residual value of acquired land containing an

T f in calculating depletion the residual value of

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(T / F) In calculating depletion, the residual value of acquired land containing an ore deposit is included intotal costs subject to depletion. Select one:TrueFalse Correct. The residual value of land should be deducted from total costs subject to depletion. (T / F) All recorded intangible assets are subject to amortization. Select one:
8/10/2019 Weekly Quiz 5 3/3 Question9 Correct Mark 1.00 out of 1.00 Question10 Correct Mark 1.00 out of 1.00 (T / F) By comparing an asset's book value (cost less up-to-date accumulated depreciation) with its salesprice, the company may show either a gain or a loss. Correct. (T / F) If an asset's sales price is greater than book value, the company shows a gain. If sales price is lessthan book value, the company shows a loss. If sales price equals book value, no gain or loss results. Jump to... Assessment 5

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