Respond that the following statements are TRUE or FALSE:

1) If a business is considering buying a new vehicle, the cost of insurance on the new vehicle is information that is relevant to the business decision.

2) When considering whether to have a new roof installed on a building, the money spent previously on roof repairs to the old roof is information that is relevant to the business decision.

3) When a business is considering whether to replace old equipment with newer equipment, the cost of operating the old equipment, compared to the cost of operating the new equipment, is relevant information to the business decision.

4) When a business is considering whether to replace old equipment with newer equipment, the replacement cost of the old equipment, compared to the cost of the new equipment, is relevant information to the business decision.

5) A depreciable asset's original cost is relevant when considering whether to replace the depreciable asset.